MTU Aero Engines intends to increase its share in the International Aero Engines (IAE) consortium. This move is expected to follow an agreement between Pratt & Whitney and Rolls-Royce on the restructuring of the IAE consortium, which markets the highly successful V2500 engines for Airbus A320 family aircraft. Rolls-Royce will sell its stake in IAE to Pratt & Whitney, which in turn will pass on parts of this share to MTU Aero Engines.
As a result, MTU’s share in the V2500 program – currently MTU’s most important commercial engine program – will be raised above the 11% held today. MTU’s revenue contribution from this program will increase substantially. The deal will lead to a positive earnings contribution for MTU. The acquisition by MTU is subject to supervisory board approval and its final terms and conditions still have to be determined.
