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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Munich, July 21, 2014 – For MTU Aero Engines, this year’s Farnborough International Airshow was a big success: Germany’s leading engine manufacturer has announced around 1.3 billion euros in orders, with new business being at the same level as at the last Farnborough Airshow. “This high total order value shows once again that the new programs in which we took stakes hold great prospects for the future,” says MTU CEO Reiner Winkler. 

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Munich, July 10, 2014 - MTU Aero Engines AG will be taking a four-percent workshare in General Electric’s GE9X program. Germany’s leading engine manufacturer will be manufacturing and assuming design responsibility for the engine’s turbine center frame. Taken over the life of the program, the workshare will be worth around four billion euros in revenue for MTU.

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Munich, Germany, June 24, 2014 – The EU technology programme ENOVAL (ENgine mOdule VALidators) can now be reached on the Internet at www.enoval.eu. The website offers comprehensive information on the project, its activities, objectives, technologies and partners and on the impact it has on aviation, environmental protection and the European Union and its citizens.

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Munich, May 28, 2014 – The high-speed low-pressure turbine for Pratt & Whitney’s PurePower? Geared Turbofan? (GTF) engine to power the A320neo has passed the mandatory stress tests with flying colors. These extremely complex telemetry runs, an official certification requirement for this module made by MTU, are considered one of the biggest challenges in engine testing.

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Berlin, May 21, 2014 – At its press conference on the occasion of the ILA Air Show in Berlin on Wednesday, May 21, MTU Aero Engines gave a rundown of its mix of commercial and military engine programs and maintenance services that put the company in a strong position for the future. As Germany’s leading engine manufacturer said, in a nutshell, tomorrow’s aircraft propulsion systems will have to be quieter, more fuel economic and cleaner; for the engine has a significant impact on fuel and maintenance costs and on noise. The company’s focus is clear: “By 2018, we want to have established a strong position in all engine segments – and this holds true for both the OEM and the MRO businesses,” stresses MTU CEO Reiner Winkler.
 

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Ludwigsfelde (Germany), May 14, 2014 – MTU Maintenance, one of the world’s leading providers of commercial aero engine maintenance, has signed a new contract with the state-owned Venezuelan carrier CONVIASA for engine overhaul and on-wing support services of its General Electric CF34-10 engines including lease engine services. Under the exclusive contract, MTU Maintenance will be responsible for the maintenance of all CF34-10 engines powering CONVIASA’s ERJ-190 fleet.

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Munich, April 29, 2014 – The results reported by MTU Aero Engines AG for the first quarter 2014 are in line with the previous year. Group revenues remained stable at €913.0 million (1-3/13: €906.0 million). MTU’s operating profit1 in the first three months of 2014 amounted to €89.0 million (1-3/13: €88.3 million), resulting in an unchanged EBIT margin of 9.7%. Earnings after tax2 also reached the previous year’s level, and amounted to €56.0 million (1-3/13: €55.5 million).

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Munich, April 4, 2014 – In late March, Germany’s leading engine manufacturer laid the foundation stone for a purpose-built, advanced logistics center on its company premises in Munich. Starting in January 2015, the brand new two-story building with a surface area of 4,400 square meters will concentrate the tasks of 115 employees from incoming goods, customs and foreign trade and receiving inspection. The total investment for the innovative center, including equipment, is some ten million euros.

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Rzeszów, Munich, April 1, 2014 – Five years ago, in April 2009, MTU Aero Engines Polska started production of the first engine components for Germany’s leading engine manufacturer. Today the development of MTU Aero Engines' facility in Rzesów is an unprecedented story of success and growth. The facility started operations with about 200 employees, today MTU Aero Engines Polska has a highly skilled workforce of about 500 people. And due to the expansion plans of the company 250 new jobs are expected to be created in Rzeszów by 2020.

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Munich, March 26, 2014 – This Wednesday, March 26, 2014, Canada’s Prime Minister Stephen Harper paid a visit to MTU Aero Engines in Munich. On his trip, Harper was accompanied by Ed Fast, Minister of International Trade. The guests were welcomed by MTU Chief Executive Officer Reiner Winkler, Chief Operating Officer Dr. Rainer Martens and MTU Maintenance President Dr. Stefan Weingartner. The talks focused on MTU’s business relations with Canada and its investments in the Canadian market. Munich, Germany-based MTU operates a maintenance company in Canada’s Vancouver, British Columbia, which has a workforce of more than 400 employees.

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Munich, March 20, 2014 – It’s a simple concept with a big impact: More than 30 years ago, MTU Aero Engines set out to develop its first brush seal. The innovative components are suitable for use not only in aircraft engines – as, for example, in Pratt & Whitney’s successful family of PurePower? geared turbofans –, but also in steam and gas turbines, pumps and a variety of other mechanical engineering applications. MTU has established itself as a global leader in the field.

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Munich, March 13, 2014 – Additive manufacturing technology is rapidly spreading from one industry sector to the next. In the field of aero engine construction, Munich-based MTU Aero Engines has achieved a breakthrough: As one of the first companies to use the new technique, MTU produced components for production engines this past May. These parts - borescope bosses for the PurePower? PW1100G-JM engine, the Pratt & Whitney engine to power the A320neo – are made by selective laser melting, or SLM.

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Munich, March 11, 2014 – At today’s meeting of the Supervisory Board of MTU Aero Engines AG, its members voted in favor of accepting the Executive Board’s proposal concerning the dividend payment for the financial year 2013. Consequently, at the Annual General Meeting on May 8, 2014, the Executive Board and Supervisory Board will jointly propose a dividend payment of €1.35 per share. “Maintaining the dividend at this high level reflects the continuity of our earnings-oriented dividend policy,” says Klaus Eberhardt, chairman of the Supervisory Board.

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Munich, February 18, 2014 – MTU Aero Engines AG has built on the record year of 2012 with its business figures for 2013: MTU improved its all-time high in revenues to €3,741.7 million (2012: €3,378.6 million), and is thus fully in line with its revenue forecast of around €3.7 billion. Earnings matched the record level of 2012: At €377.3 million, operating profit1 clearly met its target of around €375 million (2012: €375.2 million). The return on sales amounted to 10.1% compared with 11.1% in 2012. At €232.1 million, MTU generated earnings after tax2 of around €235.0 million as planned (2012: €234.0 million).

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