Press Archive 2014

Munich, December 12, 2014 – Dr. Stefan Weingartner (53), Member of the Executive Board of MTU Aero Engines AG and President MTU Maintenance, will leave the company on his own request in order to take on a new professional challenge. Against this background, the Supervisory Board of MTU Aero Engines AG has decided in its meeting today to reduce the Management Board to three Members. The tasks of Weingartner – who will accompany and support the change process – will be transferred to the other Board functions. The responsibility for the locations of MTU Maintenance will be combined in the leadership of Dr. Rainer Martens (53) as Chief Operating Officer. Sales and Marketing of MTU Maintenance will be integrated in the Board function of Programs headed by Michael Schreyoegg (48). The new structure will become effective at the beginning of 2015.

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Munich, November 25, 2014 – At this year’s Investor & Analyst Day, MTU Aero Engines AG presented its business outlook for the next decade to 2024. The group aims to remain on its growth trajectory while at the same time continuing to improve its profitability. It plans to increase its adjusted EBIT margin and its free cash flow in the medium to long term. This goal is based on the expected development of revenues in its operating segments. As of 2018, MTU expects to see substantial growth in revenues from its most profitable activities, namely spare parts sales and maintenance. From this point onward, revenues from the less profitable series production business are likely to increase only slightly, and the military engine business will probably decline.

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Hannover, Munich, November 21, 2014 – MTU Maintenance is celebrating its 35th anniversary in the MRO (maintenance, repair and overhaul) business this fall. The company, which has started out as a small repair shop in Hannover, Germany, has today become one of the leading engine MRO providers worldwide. “MTU Maintenance has come a long way and today holds a special position in the MRO market,” said Dr. Stefan Weingartner, President MTU Maintenance and member of the Executive Board at MTU Aero Engines. “Through an innovative set of customized services and high-tech repairs as well as a global locations network, we offer customers a true alternative. Our success is based on a hybrid business model as we benefit both from our independent approach and our close alliance to the OEMs in engine programs where MTU is a risk and revenue share partner. We strongly believe that this strategy will continue to be successful, especially for future engine models.”

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Munich, November 14, 2014 - MTU Aero Engines has concluded a strategic agreement with U.S. engine manufacturer GE Aviation on the maintenance, repair and overhaul (MRO) of the GEnx turbine center frame (TCF). The contract makes MTU the provider of MRO services for GEnx TCFs within the GE Aviation network. The GEnx powers the Boeing 787 Dreamliner and is the sole engine for the Boeing 747-8. The agreement covers the engine’s entire life cycle and is expected to be worth more than 3 billion euros in sales for Germany’s leading engine manufacturer.

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Munich/Hannover (Germany), 29 October 2014 – MTU Maintenance, one of the leading engine maintenance providers in the world, is celebrating 25 years of engine MRO on IAE’s V2500, the world’s bestselling engine powering the A320 aircraft family. MTU Maintenance’s parent company MTU Aero Engines is part of IAE with a 16 percent share. It has developed and manufactures various parts of the low pressure turbine. “For MTU, the V2500 has been and will continue to be our most important commercial engine program”, said Dr. Stefan Weingartner, President MTU Maintenance and member of the Executive Board at MTU Aero Engines. “Up until today, more than 6,000 V2500s have been delivered to over 200 customers around the world. The success of this engine also drives considerable revenues in our maintenance and spare parts business. We are very proud of our success and are looking forward to continue our fruitful collaboration with IAE in the future.”

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Munich, October 23, 2014 – In the first nine months of 2014, MTU Aero Engines AG’s revenues grew by 6% to €2,811.6 million (1-9/2013: €2,659.6 million). The group generated an operating profit1 of €270.9 million (1-9/2013: €267.8 million) and its EBIT margin came to 9.6% (1-9/2013: 10.1 %). Net income2 increased by 5% to €178.3 million (1-9/2013: €169.1 million).

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Munich, 14th October, 2014 – Today it has been announced that the PurePower® PW800 engines are the power behind the new Gulfstream G500 and G600 business jets. The rollout took place at Gulfstream Aerospace Corp.’s Georgia headquarters. MTU Aero Engines has a 15 percent workshare in Pratt & Whitney Canada’s (P&WC) PurePower PW800 engine program. Germany’s leading engine manufacturer has design responsibility for the engines’ low-pressure turbine and the front high-pressure compressor and is also manufacturing these modules.

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Munich, August 7, 2014 – MTU Aero Engines is moving forward, with a deep sense of respect for humans and nature: Germany’s leading engine manufacturer has submitted its third Communication on Progress in line with the reporting guidelines issued by the UN Global Compact, in which the company provides an update on its activities to ensure the sustainability of its business. In the publication now released, MTU sets out its new climate strategy, which aims to achieve a reduction in carbon dioxide emissions by 40 percent. Earlier this year, MTU moreover introduced a Code of Conduct that requires all of its suppliers worldwide to comply with its policies.

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Munich, July 31, 2014 - Early July marked the official launch of the European Clean Sky 2 Joint Technology Initiative. The new program is substantially broader in scope and more ambitious than Clean Sky, its predecessor. MTU Aero Engines, too, is stepping up its activities under the initiative: Germany’s leading engine manufacturer is one of the 16 lead partners from the aeronautical industry in Europe, working on the further optimization of low-pressure turbines and high-pressure compressors.

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Munich, July 24, 2014 – In the first six months of 2014, MTU Aero Engines AG achieved a revenue growth of 2% to €1,815.8 million (1-6/2013: €1,774.9 million). Operating profit1 remained stable at €170.7 million (1-6/2013: €169.7 million), with an EBIT margin of 9.4% compared with 9.6% in the first half of 2013. Net income2 increased by 4% to €111.0 million (1-6/2013: €106.7 million).

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