Rolls-Royce will stop military production in Britain if profits cap imposed – CEO

‘Global engineering giant Rolls-Royce says it may stop providing military services in Britain and move operations elsewhere after a government cap was placed on its UK profits.
Roll-Royce, which made part of the F-35 fighter and services the UK’s famous Red Arrows, appeared to threaten to stop servicing the military altogether at the first whiff of state regulation.
The row developed after the UK’s military contract watchdog – the Single Source Regulations Office (SSRO) – ordered the firm to remove £1.27 million (US$1.68 million) worth of charges to service Hawk fighter jets.’

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