Energy & Power

MTU AERO ENGINES

Company Profile Analysis

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MTU AERO ENGINES - Energy & Power showcase

Year Founded & Workforce

1933-12-31

10,000 Employees

Industry

Energy & Power

Services

M

MTU AERO ENGINES Overview

Company Headquarters: Munich, Germany

Founded: 1934

Workforce: ~10,000

Company Working: MTU Aero Engines is one of the leading engine manufacturers, engaged in design, development, manufacture, marketing and support of commercial and military aircraft engines. It also offers maintenance services, including commercial engine MRO (maintenance, repair and overhaul) services. It operates through three business segments, namely, commercial engine business, military engine business, and commercial maintenance business (MRO). Gas turbine services are offered under the commercial maintenance business (MRO) segment.

The services for industrial gas turbine offered by the company include on-site services, maintenance and repair service. Further, services include modern technology, such as electronic piece parts tracking and a proprietary rotor stacking procedure for maintenance and troubleshooting of gas turbines.

MTU Aero Engines has its presence in Germany, Canada, the US, Poland, the Netherlands, Malaysia, France, China, Norway, Brazil, and Australia. Some of its subsidiaries include Vericor Power Systems (US), Emeaero (Poland), and AES Aerospace Embedded Solutions Gmbh (Germany). It primarily competes with Siemens (Germany), Rockwell Automation (US), General Electric (US), and United Technologies Corporation (US).

Strategy

The company has its strategic interest in achieving in-organic growth through new contracts and agreements. For instance, in April 2016, MTU AERO ENGINES and Statoil (Norway) signed a contract, where the company will provide maintenance, repair and overhaul (MRO) services for industrial gas turbine. Moreover, it has focus on the development of new engines for aircraft with other partners, such as GE (US), which will help the company, expand its business in the MRO segment by catering to the service requirements of both, commercial engines and gas turbine.

Company Snapshot

$5,008.6M

Revenue

10,000

Employees

1933-12-31

Founded

Munich, Germany

Headquarters

SWOT Analysis

Strengths

  • Technological expertise in industrial gas turbine
  • Long-term contracts on the OEM and MRO business
  • Participation in aftermarket services such as product leasing

Weaknesses

  • Dependence on third party contractors

Opportunities

  • Growing market in OEM and MRO business
  • Excellent opportunities in military application

Threats

  • New entrants in MRO services in the turbine market
  • Less customer satisfaction in connection with new turbine technology

Key Developments

DateApproachDevelopment
April, 2016Contract & AgreementMTU AERO ENGINES signed seven-year agreement with Statoil, a Norwegian oil and gas company. The company will provide maintenance, repair and overhaul (MRO) for commercial engines and industrial gas turbines (IGTs)

Product Offering

  • MTU AERO ENGINES
    • Long-term service agreements (LTSA)
    • Special maintenance services
    • Gas turbine exchange & Lease
    • Test cells for industrial gas turbine

Financial Performance

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About the Author

Wantstats Research Team

Wantstats' research desk profiles MTU AERO ENGINES as part of our ongoing coverage of the Energy & Power sector, drawing on public company data, filings, and market intelligence.

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I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!
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Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.
Akif Moroglu

Strategy & Business Development Director, Dogan Holding

We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.
Noah Malgeri
Noah Malgeri

Co-Founder, Mojave Rail Fabrication Limited

This is really good guys. Excellent work on a tight deadline. I will continue to use you going forward and recommend you to others. Nice job.
Michael Robert

Manager, JavolVision

Thanks, I am so happy that we worked together. Maybe we still can work together in the future.
Joseph Aguayo
Joseph Aguayo

Sales Operations & Pricing Manager, Intel

Thanks. It's been a pleasure working with you, please use me as reference with any other Intel employees.
Bong Lau

Sales Leader, Bamberg

We bought your "2025 report" in 2020. Everything is fine and very good.
Peter Groot Koerkamp
Peter Groot Koerkamp

Account and Business Manager, EFS-Holland BV

Thanks for sending the report it gives us a good global view of the Betaïne market.
Younghwan Choi
Younghwan Choi

Senior Retail Manager, LG Chem

We found the report very insightful! we found your research firm very helpful. I'm sending this email to secure our future business.
Mark Irwin

Management Consultant, Level 21

I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.
Rob Kooiker

Group Product Manager HVAC & Fire Protection GMA, Rockwool

I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!
Jason Lee

R&D Director, Seojin

Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.
Akif Moroglu

Strategy & Business Development Director, Dogan Holding

We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.

MTU AERO ENGINES

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