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MTU Aero Engines AG Forecasts 2021 Revenue Of EUR 4.2-4.6 Bln
MTU Aero Engines Gives 2021 Outlook For Its Units
MTU Aero Engines Says MTU Maintenance Signs Contract With Air Serbia
MTU Aero Engines AG is a Germany-based manufacturer of military aircraft engines in all thrust and power categories and stationary gas turbines. The Company operates through two segments: the commercial and military engine business (OEM) and commercial maintenance business (MRO). The commercial and military engine business (OEM) segment covers the development and production of modules, components and parts for engine programs, including final assembly, as well as maintenance services. The commercial maintenance business (MRO) segment covers all activities relating to the maintenance, repair and overhaul of commercial engines and associated services. The Company operates through numerous subsidiaries in Europe, the Americas, Asia and Australia.
Aerospace & Defense
Dachauer Strasse 665
Independent Chairman of the Supervisory Board
Chairman of the Executive Board, Chief Executive Officer
Independent Deputy Chairman of the Supervisory Board, Employee Representative
Chief Financial Officer, Chief Information Officer, Member of the Executive Board
Chief Operating Officer, Member of the Executive Board
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German aircraft engine maker MTU Aero Engines on Monday reported a 73.9% drop in second-quarter adjusted net income and a 30.2% fall in revenue citing the impact of the coronavirus pandemic.
MTU Aero Engines said on Monday it planned to cut staff capacity by 10-15% by the end of 2021 as the coronavirus crisis takes its toll but the German aircraft engine maker said it would avoid compulsory redundancies.
German aircraft engine maker MTU Aero Engines <MTXGn.DE> saw operating profit slip 3% in the first quarter off revenues that were up 13% and said it was too early to issue a new outlook to replace the guidance it withdrew in March due to the coronavirus crisis.
German aircraft engine maker MTU Aero Engines on Thursday said it would withdraw its guidance for 2020 in the wake of the coronavirus outbreak.
* DECISION IS BASED ON ASSESSMENT OF MARKET SCENARIOS PRESENTLY DEEMED LIKELY, AND ON A CATALOGUE OF EXPENDITURE REDUCTION MEASURES
German aircraft engine maker MTU Aero Engines on Monday said it would temporarily suspend work at several of its European factories in response to the coronavirus pandemic.
* MTU AERO ENGINES AG - SUPERVISORY BOARD OF MTU AERO ENGINES RESOLVES TO EXTEND CONTRACTS OF PETER KAMERITSCH AND LARS WAGNER
German engine manufacturer MTU Aero Engines said on Tuesday it would postpone its annual general meeting and suspend its dividend for the time being.
German aircraft engine maker MTU Aero Engines <MTXGn.DE> expects Boeing <BA.N> to offer two jet engines for the successor model to its 737 plane, its chief executive told a weekly paper, adding this could double MTU's market share in the segment.
France's Safran <SAF.PA> and MTU Aero Engines <MTXGn.DE> of Germany have agreed to develop together a jet engine for a Franco-German fighter, removing a key obstacle to one of Europe's flagship defence projects.
French aerospace company Safran and Germany's MTU Aero Engines said they had agreed a deal whereby the two companies would jointly develop the engine of the next-generation European 'NGF' fighter aircraft.
French engine maker Safran <SAF.PA> and German counterpart MTU Aero Engines <MTXGn.DE> have reached an agreement to cooperate on a military jet engine, removing an obstacle to developing a Franco-German fighter, sources familiar with the matter said.
German aircraft engine maker MTU Aero Engines on Thursday said it will grow in its civil aviation division next year, boosted by its new engine and spare parts businesses as well as by its maintenance unit.
Germany's MTU Aero Engines said on Wednesday it beat targets last year with record sales and net profit of 479 million euros ($543 million), up 18 percent on 2017.
German Chancellor Angela Merkel's political standing has suffered in recent months and poor results in two upcoming state elections could lead to "bigger changes", her long-time conservative ally, Wolfgang Schaeuble, said on Friday.
Munich-based German aircraft engine maker MTU Aero Engines has warned its employees against populism before a regional election in Bavaria, and consultants EY have issued their local staff with similar guidance.
German engine maker MTU Aero Engines is cautious on further increases in the production of single-aisle jets, saying the supply chain is already tight.
German aircraft engine maker MTU Aero Engines and Lockheed Martin's Sikorsky will compete jointly for the German air force's heavy lift helicopter contract.
* 2018 forecast based on quick resolution to A320neo problems
Mtu Aero Engines management during a press conference:
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