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09.03.2010 | MTU Aero Engines to benefit from Republic Airways’ contract for CSeries Aircraft
New contract win for the Pratt & Whitney PurePower® PW1000G Engine: Republic Airways has signed a purchase agreement with Bombardier Aerospace for 40 CSeries aircraft with options on up to 40 additional aircraft. The twin-engined airliner is exclusively powered by the Pratt & Whitney PurePower PW1000G engine. MTU Aero Engines is a major stakeholder in this innovative, next-generation propulsion system. The overall contract covers more than 160 engines, if all options are exercised. For Germany's leading engine manufacturer it could translate into sales of over 200 million euros at list price.
more24.02.2010 | MTU Aero Engines: Business results for 2009 fully in line with forecasts
MTU Aero Engines Holding AG has fully met its business forecasts for the financial year 2009. This was announced at the company’s annual press conference on February 24, 2010. MTU reported revenues of € 2,610.8 million (2008: € 2,724.3 million), in line with the targeted level of around € 2.6 billion. MTU generated an operating profit (EBIT adjusted) of € 292.3 million (2008: € 331.0 million), which is slightly higher than the upwardly revised forecast of approximately € 290 million. Net income amounted to € 141.0 million, compared with a targeted € 140 million for 2009 and a reported result of € 179.7 million in 2008. MTU significantly exceeded its free cash flow forecast: at year-end, free cash flow stood at € 120.2 million (2008: € 123.6 million), or 20% higher than the guidance of € 100 million.
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