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Canada Goose Sale Chief Executive Warren East, appointed in 2015 to revive the ailing British industrial icon, is grappling with falling revenue from older engine programmes and the need to invest more in new technology, for example to power the A330neo aircraft.After announcing that full year underlying pretax profit halved to canada goose outlet http://www.canadagooseoutlet.shop Cheap Canada Goose 813 million pounds, East said on Tuesday that further change was required and promised to set out his long Cheap Canada Goose term vision for the business in the coming months.”While we have made good progress in our cost cutting and efficiency programmes, more needs to be done to ensure we drive sustainable margin improvements within the business,” he said.Rolls Royce, which makes engines for wide body civil jets, and defence and marine customers, said it expected “modest performance improvements” this year and would aim to keep its free cash flow at a similar level to 2016.Last year, after a string of profit warnings, Rolls halved its dividend to 7.1 pence a share, the first cut for 24 years.It maintained the final payout at the same level this time. Chief Financial Officer David Smith said it “wasn’t appropriate” to increase it given the demands for cash on the business.Rolls is developing new engines for the Airbus A350 1000 and A330neo, and it is targeting a more than 50 percent share of the widebody installed base by the early 2020s.East said the group had made good progress in ramping up production, increasing rates to around 500 large engines in 2017 from 357 last year.MARINE BUSINESS SINKS One top five investor in Rolls, Baillie Gifford, backed East’s strategy, which achieved 60 million pounds in savings in 2016.”We are heartened to see that he is as focused on the culture of the business as on the strategy,” a spokeswoman said, also welcoming efforts to turn the page on bribery allegations.The company has been hit by a slowdown in high margin aircraft engine servicing, in part caused by the reduced use of older aircraft, and lower sales of its Trent 700 engine that powers the Airbus A330, which is being superseded by the A330neo.However, http://www.canadagooseoutlet.shop/ East said growing demand for long haul air travel and the roll out of new engines such as the Trent XWB, 1000 and canada goose outlet 7000, gave him confidence in his civil aerospace strategy.Slideshow (2 Images)Prospects are not as bright for its marine business, which has been hit by weak demand from shipping and energy Canada Goose Sale customers. It took a 200 million pound goodwill impairment on the unit.East said there was no “immediate will” to exit the marine sector, but the business needed to be “right sized” to break even when demand was low.BIG CHARGE The drop in the pound against the dollar led to a 4.4 billion pound non cash hedging charge Canada Goose Sale.