MTU Aero Engines
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MTU Aero Engines

Company nameMTU Aero Engines Holding AG
Company typeAktiengesellschaft (FWB - MTX)
IndustryAerospace, defence
Founded1934
HeadquartersMunich, Germany
Key peopleEgon Behle (CEO and chairman of the management board), Klaus Eberhardt (Chairman of the supervisory board)
ProductsProduction and maintenance of civil and military aircraft engines; industrial gas turbines
Revenue-2.611 billion (2009)
Operating income-246.9 million (2009)
Net income-141.9 million (2009)
Employees7,665 (end 2009)
SubsidiaryVericor Power Systems

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MTU Aero Engines is Germany's leading aircraft engine manufacturer. MTU develops, manufactures and provides service support for military and civil aircraft engines. MTU Aero Engines was formerly known as MTU München. Its customers are manufacturers and operators of engines and industrial gas turbines across the world. MTU is short for Motoren- und Turbinen-Union.

The company has roots dating back to the early years of motorized flight. The brand MTU itself was established in the late 1960s as a joint venture of Daimler-Benz and MAN, manufacturing aircraft engines in Munich and other engines and gas turbines in Friedrichshafen. In 1985, Daimler-Benz bought MAN's 50% share in the company and made MTU part of its aerospace subsidiary DASA. In 2000, when DASA was merged with other companies to form the European aeronautics and defense systems company EADS, MTU was split from DASA and stayed part of DaimlerChrysler. In 2003, MTU was sold to private equity firm Kohlberg Kravis Roberts & Co. (KKR) and, two years later, KKR in turn sold all its shares at Germany's stock exchanges.

The company has sinced expanded to many other locations around the globe such as Vancouver, British Columbia; Rzeszów, Poland; and Zhu Hai, China.

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UBS AG stuft MTU Aero Engines N auf buy - wallstreet-online Tweet this news
wallstreet-online--Vor diesem Hintergrund sprechen die Analysten der UBS für die Aktie von -MTU Aero Engines- weiterhin eine Kaufempfehlung aus. ... - Date : Tue, 02 Nov 2010 09:46:51 GMT+00:00
MTU Aero kalkuliert Prognose weiter mit Kurs von 1,30 EUR/USD - Märkische Allgemeine Tweet this news
Märkische Allgemeine--MÜNCHEN (Dow Jones)--Die -MTU Aero Engines- Holding AG kalkuliert für ihre Prognose 2010 weiterhin mit einem durchschnittlichen Wechselkurs von 1,30 EUR/USD. ... - Date : Tue, 26 Oct 2010 09:33:28 GMT+00:00
EDAC Technologies Reports Fiscal 2010 Third Quarter Results - MarketWatch (press release) Tweet this news
MarketWatch (press release)---...- the Aero product line that was acquired in May 2009 as a result of EDAC's purchase of the manufacturing business unit of -MTU Aero Engines- North America, ... - Date : Fri, 22 Oct 2010 12:06:37 GMT+00:00
EDAC wins $5.3M jet parts deal - Mass High Tech Tweet this news
Mass High Tech--based -MTU Aero Engines- North America. Add your comment, and share it via Facebook, LinkedIn, Yahoo and more. Edit your Disqus profile settings.--- - Date : Mon, 02 Aug 2010 13:28:18 GMT+00:00
Rolls-Royce wins orders worth 589 million pounds - AFP Tweet this news
AFP--The -engines- for the Yemeni carrier will be supplied by the International -Aero Engines- (IAE) consortium, in which Rolls-Royce partners Pratt & Whitney, ... - Date : Mon, 19 Jul 2010 18:30:45 GMT+00:00
ILA Berlin Air Show 2010 - Demotix Tweet this news
Demotix--Invited by -MTU Aeroengines- it was a pleasure to join the Serbian Delegation, visiting the newest Cargo Military Airplane A400M - also called Grizzly One. ... - Date : Thu, 10 Jun 2010 20:49:35 GMT+00:00
New Materials Give Next Generation of Engines Their Edge - Aviation International News Tweet this news
Aviation International News---MTU Aero Engines-, which holds a 15-percent stake in the PW1000G geared turbofan for the C Series, has found a new way to minimize blade-tip clearance in the ... - Date : Fri, 11 Jun 2010 17:45:01 GMT+00:00
Weaker Euro Equals Stronger Airbus - Aviation Week Tweet this news
Aviation Week--European suppliers such as -MTU Aero Engines-, Dassault and Safran also benefit. The shift could have implications across the aerospace industry. ... - Date : Fri, 11 Jun 2010 18:31:12 GMT+00:00
ILA: Sikorsky builds team for German helicopter bid - Flightglobal Tweet this news
Flightglobal--Discussions with -MTU Aero Engines- are well advanced and a deal should be agreed during ILA, while an expected agreement with Rheinmetall is further off, ... - Date : Wed, 09 Jun 2010 14:06:05 GMT+00:00
GE, MTU Develop Innovative Repair Processes - Aviation Week Tweet this news
Aviation Week--By ShowNews Staff -MTU Aero Engines- and GE Aviation have signed a 10-year Component Repair Development Agreement jointly to develop new repairs for GE engine ... - Date : Wed, 09 Jun 2010 15:48:49 GMT+00:00

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