MTU's corporate strategy is geared to profitable growth and customer satisfaction.
The four target Areas of MTU's growth strategy are:
A balanced product portfolio – Participation in rapidly growing new programs
MTU participates in rapidly growing and high-volume military and commercial engine applications, working with various partners in doing so. It optimizes its risk profile as well as growth opportunities through continuous participation in varying thrust classes and fields of application. MTU Aero Engines is currently focusing on ramping up production of Geared Turbofan™ engines for regional and medium-haul jets, which it has developed together with partners, and on developing GE’s GE9X engine program for the Boeing 777X widebody aircraft, for which the market launch is scheduled for 2021. These programs complement MTU’s excellent positioning in the MRO segment, as the company has secured itself a share in the future aftermarket service business through its stakes in these engine programs.
In the military business, the discussion about a possible successor for the Tornado became more concrete in 2018. At the same time, preparations are under way to design a successor to the Eurofighter in Germany and the Rafale in France. In early February 2019, MTU Aero Engines, Munich, signed an agreement with Safran Aircraft Engines, Gennevilliers, France, indicating the two companies’ intention to take a leading role in the development, manufacture and maintenance of the engine for the next-generation fighter jet. The two partners aim to establish a Franco-German partnership in which both parties have an equal share in the program, assuming they receive equal funding from France and Germany.
The stake in the U.S. military program for the T408 for the CH-53K heavy-lift cargo helicopter, which was launched on the market in September 2019, gives MTU a position on the world’s strongest military market.
Cutting-edge technologies – Maintaining and expanding technological leadership
MTU is currently extending its technological leadership by focusing on the development of new high-temperature materials and modern manufacturing technologies such as additive processes. In combination with optimized cyclic processes, the company is thus able to achieve even greater efficiency in the medium term with its core modules – the high-pressure compressor, turbine center frame and low-pressure turbine – and therefore greater profitability and environmental friendliness, while simultaneously reducing component weight.
The aviation and aerospace industry and the EU Commission have drawn up a joint Strategic Research and Innovation Agenda (SRIA), which sets targets for engines up to 2050. On a long-term perspective, MTU aims to achieve emission-free aviation. It is therefore cooperating with research institutions and industrial partners on assessing revolutionary engine concepts such as new cyclic processes and electric propulsion systems and demonstrating their potential at an early stage of development.
The digitalization of products, services and value creation processes is also growing in importance.This manifests itself in development, for instance, in the extensive use of simulation techniques in all areas through to the virtual engine.
Enhanced competitiveness – Increased productivity accompanied by a reduction in capital tie-up
MTU encourages a culture of continuous improvement in order to secure its competitiveness. The focus here is on optimizing structures, processes and capital tie-up in all areas of the company. Digitalization and automation technologies (Industry 4.0) play a key role here.
The goal is to continue to optimize MTU’s supply chain and its production and service network in terms of delivery capability, quality and costs.
MTU regards responsible economic activity as an important criterion of its competitiveness, and acts in harmony with its sustainability strategy.
Innovative corporate culture – Motivated employees in a creative environment
Highly motivated, skilled workers are crucial to the successful growth of the MTU Group. MTU’s corporate culture places emphasis on personal development and achievement coupled with a strong sense of social responsibility.
The trend toward digitalization is set to change the work environment and tried-and-tested management methods. More scope and greater responsibility for employees as well as short decision paths are key elements of an innovative corporate culture. All employees are encouraged and empowered to contribute their own ideas and translate them into new products and services, innovative business models and improved processes.
The company promotes cultural and individual diversity, flexible working conditions and high-quality basic and further training opportunities for its workforce.
MTU is confident that activities with a long-term focus, targeted investments and continuous development of the corporate culture will enable it to achieve its strategic objectives.