LONDON — Despite looming cuts to some of its U.S. defense programs, Rolls-Royce is projecting an increase in underlying revenue and profit in 2012. Although programs such as the Rolls-Royce AE1107C-powered V-22 are expected to be cut, Rolls-Royce North America President and CEO James Guyette expects no more than “a couple of bruises” and “nothing major” from the fiscal 2013 budget release due Feb. 13. Moreover, some of those cuts could still be reversed when Congress mark up the budget ...


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