Press Archive 2009

MTU Aero Engines profits from American Airlines order for GEnx-powered Boeing 787s

• Estimated revenues for the Munich-based company: up to 150 million euros

Munich, October 21, 2009 – MTU Aero Engines benefits from a big Dreamliner contract: American Airlines will equip 42 Boeing 787s on firm order with GEnx engines and another 58 aircraft if they exercise the option they have reserved. In all, the complete deal would involve 220 engines. Germany's leading engine manufacturer develops and produces the turbine center frame for this GE engine. For the company the engine deliveries to American Airlines will translate into revenues of 70 million euros, with up to 80 million euros expected to come from the option orders.

Egon Behle, CEO of MTU Aero Engines, welcomed the airline's decision: "This contract goes to show that we made a wise choice when we took a stake in this highly successful GE Aviation program. For our company, the GEnx will be one of the most important revenue generators in the commercial area in the years to come."

By now, 1,420 firm orders and options for GEnx engines have been placed worldwide. The engine will power Boeing's new 787 Dreamliner. Furthermore, it is the sole engine choice for all Boeing 747-8 passenger and freight aircraft.

About MTU Aero Engines
With a workforce of around 7,500 people MTU Aero Engines is one of the big players in the global engine industry. In the commercial area, MTU is the world's largest independent provider of engine maintenance services. In the military arena, it is Germany's industrial lead company for practically all engines flown by the country's armed forces. Having carved out leading positions in engine technologies, the company excels in low-pressure turbines, high-pressure compressors and manufacturing and repair techniques. This year MTU celebrates its 75th anniversary.