Press Archive 2006

Ludwigsfelde - MTU Maintenance Berlin-Brandenburg will have a new president and chief executive officer when on February 1, 2007, Dr. Wolfgang Konrad takes the helm of the MRO specialist at Ludwigsfelde. Konrad, who holds a doctor's degree in mechanical engineering, succeeds André Wall, who after two years at Ludwigsfelde will accept an executive management position with Swiss-based Jet Aviation.

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Ludwigsfelde, Germany - MTU Maintenance Berlin-Brandenburg has been awarded an agreement valued at approximately NKr 350 Mill. (appr. 42 Mill. €) to provide maintenance services for GE LM gas turbines used in offshore platforms in the North Sea and onshore facilities located in Norway. The sites are owned and operated by oil exploration companies STATOIL ASA, a Norwegian company based in Stavanger, Norway, Norsk Hydro Produksjon AS and Exxon Mobile Exploration and Production Norway AS.

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Munich – MTU Aero Engines Holding AG continues on its positive growth trend: In the first nine months of 2006, the company’s revenues rose by 13% to €1,749.9 million (1-9/05: €1,545.6 million). The sector reporting the highest growth rate was once again commercial maintenance, repair and overhaul (MRO). MTU’s pre-tax earnings have also improved significantly, with EBITDA1 progressing from €166.6 million at end September 2005 to €224.7 million at end September 2006: a year-on-year increase of 35%. This increase is even more pronounced in the adjusted figures for net income2, which has more than doubled in comparison to the same period last year, rising 148% to €87.7 million (1-9/05: €35.3 million).

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Hannover – MTU Aero Engines keeps updating the PW6000 success story: on Tuesday, August 29, at MTU Maintenance Hannover in Germany's Langenhagen, the first PW6000 production engine was handed over to customer Pratt & Whitney in the presence of Lower Saxony's economics minister Walter Hirche. Witnessing the ceremony also were representatives of European aircraft maker Airbus.

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Munich – MTU Aero Engines Holding AG in the first half year of 2006 enjoyed continued growth: sales rose 12% to € 1,148.5 million (1-6/05: € 1,025.7 million), the growth again being driven mostly by commercial maintenance, repair and overhaul (MRO). The company posted appreciable gains in earnings: EBITDA1 improved 39% to € 142.1 million (1-6/05: € 102.3 million). The profit surge was especially apparent in adjusted net income2, which MTU in the first six months of the year more than tripled, from € 17.5 million in the first half-year 2005 to € 55.4 million.
 

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Ludwigsfelde, Germany – MTU Maintenance Berlin-Brandenburg has just secured the largest CF34 repair contract in its history. Air Wisconsin Airlines Corporation will send all of the CF34-3B1 engines powering its fleet of 70 twin-engine Bombardier CRJ200 regional jets to Ludwigsfelde for repair and overhaul. The ten-year contract is worth about 240 million euros ($300 million).

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Farnborough – MTU Aero Engines has become a risk- and revenue-sharing participant in General Electric Company’s F414 fighter engine program. This marks MTU’s first direct program participation in the U.S. military market. The contract signing ceremony was held on Monday, July 17, at the Farnborough International Airshow by MTU CEO Udo Stark, and by Russ Sparks, president of GE-Aviation  Military Engine Systems.

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Munich – The new European technology program Newac (New Aero Engine Core Concepts) was launched recently under the lead of MTU Aero Engines. This new research program is backed by the EU under its 6th Research Framework Program and commands an overall budget of €71 million. Newac will run for four years and aims to reduce CO2 emissions by 6 per cent and NOx emissions by 17 per cent through improvements to the engine core.

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Hannover – MTU Maintenance Hannover has secured a new customer when it recently inked a sole-source deal with the U.S.'s Gemini Air Cargo. The nine-year agreement, worth about 52 million euros, is for the repair and overhaul of 13 CF6-80C2 series engines. The first of the CF6-80C2s has already been received in Hannover. 

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Munich – Light in weight, heat-resistant and affordable: for use in low-pressure and intermediate-pressure turbines, MTU Aero Engines has succeeded in developing LEK94, a material that is setting new benchmarks. "A material of this type was still missing in the current offerings of high-temperature materials. There're lots of pricey and heavy high-end materials around, but with their overwhelming temperature and strength capabilities they tend to be overgunned in some of the applications," explains Dr. Jörg Esslinger, who supervises materials engineering at MTU. The new lightweight has promptly found a prominent home in the low-pressure turbine of the GP7000 powering the Airbus A380.

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