Press Archive 2015

Vancouver (Canada), 21st December 2015 – Three years after the opening of the Accessory Repair Center (A.R.C.), MTU Maintenance Canada, is satisfied with the development of its business for accessory repair and Line Replaceable Unit (LRU) management. The company, an affiliate of one of the world’s leading engine maintenance providers, has managed to increase revenues by 48 percent to 40 million US dollars since 2012 and has won a number of new customers. In 2015 alone, MTU Maintenance Canada signed several long-term contracts at a total value of 26 million US dollars.

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Aerospace Embedded Solutions (AES) has won the 3rd Franco-German Economic Prize in the Industrial Cooperation category. This award recognizes the most striking joint economic ventures between French and German companies.

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Munich / London, November 25, 2015 – On the occasion of the company’s annual Investor & Analyst Day, MTU Aero Engines AG has issued a more precise forecast for the next ten years to 2025. The group intends to maintain its growth trajectory and achieve further improvements in profitability. In the medium to long term, adjusted EBIT is expected to increase at a faster rate than revenues, with a corresponding increase in adjusted net income. These projections are based on MTU’s existing business plans, which foresee an investment phase lasting until 2017 followed by a consolidation phase from 2018 onward. They reflect the expected development of revenues in the individual operating segments.

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Hannover (Germany), 24 November 2015 – MTU Maintenance, one of the world’s leading engine maintenance providers, continues to be the exclusive MRO provider for Royal Jordanian’s V2500 engines on its fleet of A320 family of aircraft. As such, the company has signed a Total Engine Care (TEC®) agreement with Jordan’s flag carrier which includes traditional MRO services, options for lease engines as well as MTU’s early detection system MTUPlus Engine Trend Monitoring. The contract covers all 24 of Royal Jordanian’s V2500-A5 engines and will run for five years.Hannover (Germany), 24 November 2015 – MTU Maintenance, one of the world’s leading engine maintenance providers, continues to be the exclusive MRO provider for Royal Jordanian’s V2500 engines on its fleet of A320 family of aircraft. As such, the company has signed a Total Engine Care (TEC®) agreement with Jordan’s flag carrier which includes traditional MRO services, options for lease engines as well as MTU’s early detection system MTUPlus Engine Trend Monitoring. The contract covers all 24 of Royal Jordanian’s V2500-A5 engines and will run for five years.

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Munich, November 11, 2015 - Clean Sky is the most ambitious EU funded aeronautical research program ever launched in Europe: More than 600 partners have joined forces to develop new, greener technologies for tomorrow’s aviation. MTU Aero Engines, Germany’s leading engine manufacturer, is a partner in the program, being responsible for an engine demonstrator that is now running in MTU’s test cell in Munich. The test campaign marks the culmination of MTU’s research activities, and the milestone was celebrated jointly with distinguished representatives from government, business, the Clean Sky Joint Undertaking, and research institutes.

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Munich, November 11, 2015 - The Japanese dream takes to the skies. The Mitsubishi Regional Jet (MRJ) is the first Japanese-made commercial jet in half a century. The date of the MRJ’s first flight marks a red letter day not only for Japan, but also for MTU Aero Engines. The jet is powered by the PW1200G, a member of the PurePower® geared turbofan (GTF) engine family, which Pratt & Whitney has developed with Germany’s leading engine manufacturer.

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Munich, October 26, 2015 – In the first nine months of 2015, MTU Aero Engines AG boosted its revenues by 16% to €3,257.0 million (1-9/2014: €2,811.6 million). The group’s operating profit grew by 23% to €333.1 million (1-9/2014: €270.9 million), while the EBIT margin rose from 9.6% to 10.2%. Net income increased by 30% to €231.4 million (1-9/2014: €178.3 million).

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Munich, October 23, 2015 – MTU Aero Engines will have a stake in the LM6000-PF+ (PF+), the latest version of General Electric’s (GE) LM6000 aeroderivative gas turbine series. Germany’s leading engine manufacturer has taken a 13-percent work share as a risk- and revenue-sharing partner in the development and production of this industrial gas turbine, which is derived from the CF6 aircraft engine. The PF+ offers higher gas turbine output (52-58 megawatts) and combined-cycle efficiency (56 percent) than other products in its class. For MTU, the stake in the program translates into expected revenues of around one billion euros over the entire lifecycle of the program.

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Amsterdam (The Netherlands), 14 October 2015 – MTU Maintenance has launched a new service targeted at engine asset owners seeking to increase their return on investment and to find a smooth exit for their end-of-life engines. MTUPlus Asset Value Maximization offers asset owners with a surplus engine different solutions which either optimize its usage if the asset can still be operated or maximize the material value through the remarketing of its individual parts.

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Hannover (Germany), 23 September 2015 – MTU Maintenance, one of the top five engine MRO service providers worldwide, and AAR, a leading provider of aviation services to the global commercial and defense industries, have signed a contract that secures for MTU the supply of used material for PW2000 engines over the next five years.

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