Latest Press Releases

Latest Press Releases 2017

• ICD rig begins test operations at DLR in Cologne
• New technologies for next-generation geared turbofan engines

Munich, December 19, 2017 – Making good things even better - under the European Clean Sky 2 research program, long-term partners MTU Aero Engines, German Aerospace Center (Deutsches Zentrum für Luft- und Raumfahrt (DLR)), and GKN Aerospace Engine Systems, Sweden have joined forces to enhance an engine’s compression system and make it lighter. The new technologies could already go into the next generation of geared turbofan engines. At the DLR site in Cologne, the test campaign on the ICD rig has now officially kicked off.

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• Low-pressure turbines and high-pressure compressors to be further enhanced
• Partnership with DLR and GKN Aerospace

Munich, December 14, 2017 – As the geared turbofans (GTFs) of the first generation are busy clocking up mileage in revenue service, MTU Aero Engines engineers already have their hands full working on the second generation: Under the European Union’s Clean Sky 2 research project, Germany’s leading engine manufacturer continues to enhance the fuel-efficient, low-emission, low-noise propulsion system, developing new technologies for two of its modules, the low-pressure turbine and high-pressure compressor. Two demonstrators are being built to validate the new technologies.

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Munich, December 12, 2017 – At its Investor and Analyst Day 2017, MTU Aero Engines AG provided a concrete outlook for the period to 2025. 2017 marks the end of the company’s most substantial investment phase, from which it emerged with an increased adjusted EBIT margin. In 2018, MTU will move into a consolidation phase during which the company expects a continuing rise in earnings and substantially higher free cash flows. Between now and 2025, the company aims to boost its average cash conversion rate into the high double digits through the combined effect of a moderate increase in working capital and a decrease in the cash flow from investing activities. The cash conversion rate measures the proportion of net income converted into free cash flow.

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• The JV company will be based in Poland
• Capacity to be over 400 shop visits of geared turbofan engines per year

Munich, December 5, 2017 – Lufthansa Technik and MTU Aero Engines have set up a joint venture for the maintenance, repair and overhaul (MRO) of geared turbofan engines, with each of the partners holding a stake of 50 percent in the new company. The name of the new JV is Engine Maintenance Europe, or EME Aero for short. The contract, which followed up on an agreement on the general principles of the cooperation signed in February 2017, was finalized by the two companies on December 4.

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• Expanding MTU Maintenance’s global footprint for the V2500-A5
• Strengthening its number one position in the V2500 market

Vancouver, December 4, 2017 – MTU Maintenance Canada has introduced V2500-A5 maintenance, repair and overhaul capabilities and is fully certified by the Transport Canada Civil Aviation Authority. The introduction of the engine line that serves the world’s A320 fleet is the result of an agreement between Pratt & Whitney, IAE and MTU Aero Engines. It enables MTU Maintenance Canada to serve the IAE aftermarket network for the life of the V2500 program. The first engine is already at the facility for overhaul. 

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Munich, October 26, 2017 – In the first nine months of 2017, MTU Aero Engines AG saw its revenues increase by 10% to €3,745.4 million (1-9/2016: €3,401.3 million). The group’s operating profit increased by 14% from €393.8 million to €450.6 million, improving the EBIT margin from 11.6% to 12.0%. Earnings after tax rose by 17% to €320.4 million (1-9/2016: €273.4 million).

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Munich, October 24, 2017 – MTU Aero Engines’ Executive Board will be reorganized, with the number of members increasing from three to four. This has been decided by the company’s Supervisory Board at its meeting on October 24. Effective January 1, 2018, Peter Kameritsch (48) has been appointed Chief Financial Officer and Chief Information Officer for a term of three years. Lars Wagner (42) will become the new Chief Operating Officer, also for a term of three years. Dr. Rainer Martens (56), who currently holds the position of Chief Operating Officer, will resign from his office by year’s end at his own request.

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• Germany carries out full maintenance concept based on civil aviation standards

Munich, October 10, 2017 – Over the next five years, MTU Aero Engines, Germany’s leading engine manufacturer, will maintain TP400-D6 engines from the Airbus A400M military transport aircraft for the German Armed Forces. The framework agreement is between the Federal Office of Bundeswehr Equipment, Information Technology and In-Service Support (BAAINBw) and MTU.

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Amsterdam, August 31, 2017 – On September 1, Alistair Dibisceglia takes over the role of Vice President and Head of Global Leasing at MTU Maintenance Lease Services B.V in Amsterdam. In this role, Dibisceglia is responsible for commercial and technical activities. He is looking to build on MTU Maintenance Lease Services’s offerings for lessors and lessees, as well as expand its technical asset management services in line with the company’s strategy.

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Munich, July 28, 2017 – MTU Aero Engines AG generated revenues of €2,548.0 million in the first six months of 2017, up 11% on the previous year (1-6/16: €2,299.2 million). The group’s operating profit increased by 26% from €254.1 million to €320.8 million, resulting in an EBIT margin of 12.6% (1-6/16: 11.1%). Earnings after tax increased by 29% from €176.1 million to €227.5 million.

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