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MTU AERO ENGINES AG

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MTU AERO ENGINES AG - Aerospace showcase

Year Founded & Workforce

1934

11,000 Employees

Industry

Aerospace

Services

Performance RestorationHot Section RefurbishmentEngine ModificationEnd-of-Lease Shop VisitsOn-Wing/On-Site Repairs and Inspections
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MTU AERO ENGINES AG Employee Contacts

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MTU AERO ENGINES AG Overview

Company Headquarters: Munich, Germany

Founded: 1934

Workforce: ~ 11,000

Company Working: MTU Aero Engines AG (MTU Aero Engines) is an engine manufacturer that produces low-pressure turbines, high-pressure compressors, and turbine centre frames. The company creates, develops, manufactures, and sells engines for commercial and military aircraft. MTU Aero Engines manufactures commercial engines, such as propulsion systems for business jets and engines for narrow body aircraft, using geared turbofan technology and producing the world's most powerful engines. MTU offers commercial engine maintenance for jet and military engines, as well as industrial gas turbines. In addition, the company offers maintenance, repair, and overhaul services. It provides services to the aviation, military, and power industries. North America, Europe, Asia-Pacific, and other regions are served by the company.

Strategy

MTU Aero Engines AG has adopted a mix of organic and inorganic growth strategies to excel in the global aviation engine MRO market. It focuses on maintaining strategic relationships with its clients to understand their requirements and offer advanced services. Furthermore, it aims to expand its distribution channels to broaden its customer base and better serve its existing customers.

Company Snapshot

$5,199.1M

Revenue

11,000

Employees

1934

Founded

Munich, Germany

Headquarters

SWOT Analysis

Strengths

  • Extensive industry experience
  • Wide helicopter MRO service offerings
  • Significant industry experience
  • Strong R&D capabilities
  • Vast service offerings

Weaknesses

  • Limited global presence
  • Fluctuating revenue from 2016 to 2018
  • Dependence on North America and the Commercial Maintenance Business (MRO) business segment for revenue generation

Opportunities

  • Strategic partnerships with major international helicopter operators
  • Growth opportunities in developing regions such as Asia-Pacific and the Middle East by winning military contracts

Threats

  • Intense market competition
  • Slow certification process for approval of new MRO facility
  • Threats from competitors such as GE Aviation and Lufthansa Technik due to large cumber of commercial contracts

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Key Developments

DateApproachDevelopment
May 2020ContractAerologic GmbH renewed its contract with MTU Aero Engines AG for 12 years. Under the contract, MTU Aero Engines AG will provide PerformPlus MRO services to the latter.
February 2020ContractMTU Maintenance Canada Ltd, a subsidiary of MTU Aero Engines AG, signed a contract with the US Air Force to provide MRO services for the US Air Force’s F138 engines.
February 2020ExpansionMTU Aero Engines AG inaugurated its new office in the Middle East. The development of the new office will enable the company to offer enhanced services to its aviation customers in the Middle East and strengthen its presence in the region.
October 2019ExpansionMTU Aero Engines AG inaugurated its new test center for engine parts in its Munich premises. The new facility enabled the company to offer enhanced products and services to its aviation customers.
September 2019ExpansionMTU Aero Engines AG inaugurated its new office in Singapore. The development of the new office enabled the company to strengthen its presence in Asia-Pacific.
August 2019ContractMTU Aero Engines AG signed a contract with Atlas Air, Inc., a subsidiary of Atlas Air Worldwide Holdings, Inc., to provide engine MRO services for the latter’s aircraft fleet. Contract
May 2019ContractMTU Aero Engines AG signed a four-year contract with GoAir to provide MRO services for the CFM56-5B engines equipped on the airline’s 17 A320 aircraft.
May 2019ExpansionMTU Aero Engines AG signed an MoU with the Government of the Republic of Serbia to develop a new industrial site in Serbia. The development of the new site enabled the company and the government to develop the aviation industry in the country.
April 2019ContractMTU Aero Engines AG signed a 12-year contract with United Airlines to provide MRO services for 49 engines equipped on the airline’s B777-300ER fleet.
November 2018ContractMTU Aero Engines AG signed a contract with Serene Air to provide MRO services for the CFM56-7 engines equipped on the airline’s Boeing 737-800 fleet.
November 2018ContractMTU Aero Engines AG signed a contract with Regent Airways to provide MRO service for CFM56-7 engines powering the latter’s six Boeing 737 aircraft.
August 2018ContractMTU Aero Engines AG signed a contract with Jazeera Airways to provide MRO service for CFM56-5B engines powering the latter’s A320 aircraft.

Product Offering

  • MTU AERO ENGINES AG
    • Performance Restoration
    • Hot Section Refurbishment
    • Engine Modification
    • End-of-Lease Shop Visits
    • On-Wing/On-Site Repairs and Inspections
    • Various Special Assignments
    • Test Runs
    • Aviation Engine MRO
    • Gas turbine services

Financial Performance

Explore key financial metrics, segmented revenue, balance sheet health, and performance trends.

By Business Segment: Sales fell from USD 5,199.1 Mn in 2019 to USD 4,743.3 Mn in 2021.
MTU AERO ENGINES AG — By Business Segment
Series (USD Mn)201920202021
Sales5,199.14,880.24,743.3

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