Rolls-Royce Holdings Plc raised its full-year guidance for the second time this year, citing strong demand for jet engines and savings from an ongoing efficiency programme. The U.K. manufacturer now expects 2025 underlying operating profit of £3.1 billion to £3.2 billion, up from the £2.7 billion to £2.9 billion range set earlier. Free cash flow is projected to reach as much as £3.1 billion. The outlook upgrade follows an upbeat first half in which civil aerospace profit rose to £1.19 billion, almost double analyst expectations. Chief Executive Officer Tufan Erginbilgic said the company sees improved parts availability but still faces inflationary pressures and heavier maintenance activity, particularly on the Trent 1000 engines that power Boeing 787 Dreamliners. Rolls-Royce added that cost-cutting and price actions should fully offset the impact of recently imposed tariffs on Chinese goods. Investors welcomed the guidance hike, sending the shares up roughly 12% in London to an all-time high.