MTU Aero Engines AG has revised its earnings outlook for 2024, now expecting an adjusted EBIT of slightly over €1 billion. Previously, the company had forecasted adjusted EBIT between €950 million and €980 million. This improved outlook is based on strong performance across all business segments despite ongoing market challenges. Preliminary figures for the first […]
MTU Aero Engines raises 2024 earnings forecast Read More »
SkySelect has announced a successful partnership with MTU Maintenance, the MRO division of MTU Aero Engines, to modernise and optimise their engine parts sourcing processes. This collaboration marks a key step in the digital transformation of MTU Maintenance, specialising in aero engine maintenance, repair, and overhaul (MRO). With operations spanning Europe, Asia, and the Americas,
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Safran Helicopter Engines and MTU Aero Engines have signed a cooperation agreement to create a 50/50 joint venture named EURA (derived from the European military rotorcraft engine alliance). This newly formed company will be the core of a larger programme that will collaborate with industrial and technological partners from several other European nations. With the
Safran and MTU establish EURA joint venture for military helicopter engines Read More »
MTU Aero Engines (MTU) achieved adjusted revenue of €1.67 billion in the first quarter of 2024, marking an 8% increase compared to the same period in 2023 (1-3/2023: €1.54 billion). Adjusted EBIT2 reached €218 million, up from €212 million in the prior-year period, while the adjusted EBIT margin stood at 13.0% (1-3/2023: 13.7%). Adjusted net
MTU Aero Engines soars with strong first-quarter performance Read More »
MTU Aero Engines has reported that according to information released on September 11, by Pratt & Whitney, the ongoing geared turbofan inspection programme will result in 600 to 700 additional shop visits for PW1100G-JM engines in the coming years and an average of 350 aircraft on ground (AOG) in the period 2024 to 2026. The
Expanded geared turbofan inspection programme puts burden on MTU Aero Engines Read More »
