Rolls-Royce is finishing its second tumultuous year in a row with fresh profit warnings and a new leadership team. The company has fought hard to regain market confidence. CEO Warren East is undertaking a broad operational review and demonstrating increased financial transparency. An entire layer of management will be eliminated in a restructuring that will save up to $300 million per year. Still, the U.K. government recently completed contingency plans to protect national interests should ...

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