Press Archive 2009

Munich, November 27, 2009 – MTU Aero Engines is stepping up its activities in China and will be cooperating with Chinese engine manufacturer AVIC Commercial Aircraft Engine Co. Ltd. (ACAE). In a first step, ACAE and MTU will conduct a joint study to explore options of building a domestic aircraft engine industry in China. The study aims to evaluate what structure a local engine company should adopt to be viable and what technologies will be needed for emerging engines to be successful in the Chinese market.

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Munich, October 26, 2009 – MTU Aero Engines Holding AG generated stable revenues of €1,954.9 in the first nine months of 2009 (1-9/08: €1,982.9 million). The EBIT margin for this period came to 10.8%, based on an operating profit1 of €210.8 million (1-9/2008: €238.9 million). Net income to the end of September 2009 amounted to €93.4 million (1-9/2008: €118.6 million).

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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.

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Munich, October 19, 2009 – Munich is accustomed to welcoming guests from all over the world, and it did so once again for one week from October 12 through 17 when about 120 quality experts from around the globe met in the city on the Isar River to discuss quality standards in aviation. The company chosen to organize this 26th Meeting of the International Aerospace Quality Group (IAQG) was MTU Aero Engines, Germany's leading engine manufacturer.

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Munich, Germany, October 5, 2009 – The U.S. Air Force (USAF) has awarded a team that includes MTU Maintenance a nine-year contract to provide Contractor Logistics Support (CLS) for its fleet of KC-10 Extender refueling tanker aircraft. MTU will provide engine depot maintenance, engineering, field service support and engine condition monitoring for the fleet of 204 CF6-50C2 engines flown by the USAF. Over the life of the agreement, MTU expects the deal to generate sales in the amount of more than 300 million euros ($500 million).

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Hannover, September 25, 2009 – Over the past few weeks, MTU Maintenance Hannover has succeeded in winning engine maintenance business worth a total of some 50 million euros. The contract with the biggest single order volume was awarded by Air New Zealand. Dr. Stefan Weingartner, President and CEO, Commercial Maintenance at MTU Aero Engines, commented: "This deal goes to show that you can score successes even amid difficult economic times if your offering is competitive in terms of quality and reliability."

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Hamburg, Germany, September 23, 2009 – For MTU Maintenance Berlin-Brandenburg, the CF34 engine has become an ongoing success story. The company has now renewed a license agreement with GE Aviation, an operating unit of General Electric (GE), for the maintenance, repair and overhaul of the CF34-3, -8 and -10 engine versions long before the contract period expired. The agreement, originally signed in 2002 for a term of ten years, is now set to run until 2022. Over the life of the agreement, MTU expects the deal to generate sales in the amount of more than 500 million euros.

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Munich, July 31, 2009 – MTU Aero Engines will benefit substantially from the contract for the Tranche 3A production order for the Eurofighter/Typhoon, which has now been concluded. Germany's leading engine manufacturer has a 30-percent workshare in the production of the EJ200 engine powering Europe's most powerful fighter aircraft. The first Tranche 3 contract is for 112 aircraft and 241 engines. MTU expects to reap about 250 million euros in revenues from the deal.

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Munich, July 28, 2009 – Where others may resort to virgin parts to replace worn or damaged ones, the specialists at MTU Aero Engines prefer to repair: Using innovative techniques and drawing on decades of expertise in the field, Germany's leading engine manufacturer restores even heavily worn components to as-good-as-new condition.

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Munich, July 23, 2009 – For the first six months of 2009, MTU Aero Engines Holding AG reports a 10% increase in revenues to €1,376.0 million (1-6/08: €1,256.1 million). Excluding the effect of the U.S. dollar exchange rate, revenues have remained almost stable (down 2%). New order intake increased by 17% to €1,304.9 million (1-6/08: €1,119.0 million). Operating profit1 for the six-month period amounted to €137.1 million (1-6/2008: €156.8 million).

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Le Bourget, June 16, 2009 – MTU Aero Engines will take a stake in Saudi Arabia-based Middle East Propulsion Company (MEPC). The deal was announced by Germany's leading engine manufacturer at the Paris Air Show in Le Bourget today. According to MTU CEO Egon Behle, a contract has already been signed: "This is a first important step for us towards building a presence in the Middle East, considering that this is a region of growing importance. With this development in mind, we have decided to acquire a stake in MEPC."

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Le Bourget, June 16, 2009 – MTU Aero Engines will benefit from a big A380 order: At the Paris Air Show in Le Bourget, Etihad Airways announced that it will equip ten Airbus A380s on firm order and another ten on option with GP7000 engines, in which MTU has a stake of 22.5 percent. The firm order covers 44 engines plus spare engines. For Germany's leading engine manufacturer, this translates into sales of around 140 million euros. First aircraft deliveries to the United Arab Emirates' national airline are scheduled for 2013.

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Hannover, June 15, 2009 – MTU Maintenance Hannover has a new president and CEO: Dr. Martin Funk (47) has taken over the reigns from Dr. Uwe Bl?cker (52), effective Thursday, June 11. Bl?cker had been at the helm of the Langenhagen-based company for more than two years and is now pursuing new challenges outside the MTU Group.

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Munich / Rzeszów, May 20, 2009 – It had been at a record-setting pace that MTU Aero Engines set up its new affiliate in Poland's Rzeszów: the project took a mere nine months from groundbreaking to startup of operations in April this year. Today, MTU Aero Engines Polska was officially inaugurated in a ceremony attended by high-ranking representatives from business, politics and culture. Bishop Kazimierz Górny blessed the new building.

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Munich, May 18, 2009 – MTU Aero Engines will pull out of its production activities in the U.S.: Germany's leading engine manufacturer sells the manufacturing unit of MTU Aero Engines North America (AENA) to U.S.-based EDAC Technologies. The contract was signed late last week. The transaction will not affect MTU's revenue and profit forecast for the year, nor will it have an impact on the engine programs pursued jointly with its partners.

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Langenhagen, Germany, April 27, 2009 – At the moment, MTU Maintenance Hannover has two good reasons to celebrate: In the 30th year of its existence, the company just maintained the 5,000th engine visiting its shop, a CFM56-7 off the wing of a Boeing 737-800 from TUIfly airline's fleet. After repair and overhaul, the engine was now returned to its owner. In a small celebration, it was handed over to Claus Sülflow, TUIfly's Director Technical Services. 

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Munich, April 23, 2009 – MTU Aero Engines Holding AG has reported a 10% improvement in revenues to €693.1 million for the first quarter of 2009 (1-3/08: €630.0 million). Discounting the effect of the U.S. dollar exchange rate, revenues decreased by 2%. Operating profit1 amounted to €75.2 million, compared with €80.0 million in the first three months of 2008. This reduction is mainly attributable to higher research and development expenses, in addition to the impact of the present market situation. The EBIT margin for this three-month period amounted to 10.8%, which slightly exceeds the level expected by MTU for the full year.

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Munich, March 23, 2009 – MTU Aero Engines Holding AG has fully met and even exceeded its forecasts for the financial year 2008. This was announced at the company’s annual results press conference on Monday, March 23, 2009. MTU reported a 6% increase in revenues to €2,724.3 million (2007: €2,575.9 million), thereby exceeding the upwardly revised forecast of €2,650 million that had been published in the course of the year. Without the U.S. dollar exchange rate effect, this increase would have amounted to an even higher 12%.

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Munich, February 23, 2009 - MTU Aero Engines is a long-standing company rich in tradition and promise. Its predecessor companies equipped the first powered airplanes at the beginning of the 20th century. Today, the company is a firmly established player in the engine industry and works on the technologies of tomorrow. This year, Germany's leading engine manufacturer celebrates its 75th anniversary: In 1934, MTU's legal predecessor BMW Flugmotorenbau GmbH was founded. A family day for MTU's employees and other events will be held to mark the 75th anniversary of the company's founding.

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Munich, January 30, 2009 – The European Commission has launched one of Europe's largest technology programs undertaken in an attempt to reduce the ecological impact of aircraft. Under Clean Sky, 86 companies from 16 countries are collectively exploring novel technologies. Their work, funded with 1.6 billion euros, proceeds in six technology domains. Among the participating companies is MTU Aero Engines. Germany's leading engine manufacturer brings its own demonstrator to the table. The contracts have been inked.

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