I advocate parcel boundaries because they can accurately be described by surveys. |
Its business is relatively defensive, underpinned by long-term contracts with the Ministry of Defense, and it has the prospects to utilize cash flows from that business in U.S. acquisitions to add to growth. |
More Rolls-Royce engines are getting onto planes and you've got increased flying. The company has a growing fleet of engines in service, requiring maintenance and repairs as they age. |
With oil now over $60 a barrel, there is upward pressure on costs. At the same time, they cannot afford to cut back to the extent that service suffers. |