MTU Aero Engines Holding AG increased its revenues in the first nine months of 2011 by 4% to € 2,067.3 million (1-9/2010: €1,992.3 million). The company’s operating profit rose by 8% to € 244.3 million (1-9/2010: €226.1 million), while net income improved by 9% to €134.6 million (1-9/2010: €124.0 million). The EBIT margin thus rose to 11.8% compared with 11.3% in 1-9/2010. In the commercial engine business, including spare-parts sales, the company’s revenues surged by 18% to €970.0 million (1-9/2010: €821.6 million). The key revenue earners were the V2500 for the Airbus A320 family, the PW2000, which is deployed in the Boeing 757 and C-17, the CF6-80C, which powers the Boeing 747 and Airbus A310 and A330, and the GP7000 for the Airbus A380. The GEnx engine for the Boeing 787 Dreamliner and 747-8 is also gaining in importance.
Up to 26,000 jobs secured in Spain until 2060 with latest Eurofighter contracts
A recent study by Pricewaterhouse Coopers (PWC) shows clear indications that two Eurofighter programme contracts will secure up to 26,000 jobs in Spain. The study was funded by Airbus and took six months to complete. The report focuses on the economic impact of the ‘Halcon’ and ‘Quadriga’ contracts which are relevant to Spain. The report