MTU Aero Engines

MTU Aero Engines AG
Aktiengesellschaft
Traded as FWB: MTX
Industry Aerospace, defence
Founded 1934
Headquarters Munich, Germany
Key people
 Reiner Winkler (CEO and chairman of the management board), Klaus Eberhardt (Chairman of the supervisory board)
Products Production and maintenance of civil and military aircraft engines; industrial gas turbines
Revenue €4.4 billion (2015)[1]
€268.0 million (2010)[1]
Profit €142.2 million (2010)[1]
Total assets €3.426 billion (end 2010)[1]
Total equity €819.3 million (end 2010)[1]
Number of employees
 7,910 (end 2010)[1]
Subsidiaries Vericor Power Systems
Website http://mtu.de/en/

MTU Aero Engines AG is a German aircraft engine manufacturer. MTU develops, manufactures and provides service support for military and civil aircraft engines. MTU Aero Engines was formerly known as MTU München.

History

In Autumn 1968, MAN Turbo GmbH and Daimler-Benz formed Entwicklungsgesellschaft für Turbomotoren GmbH as a 50/50 joint venture, combining their aircraft engine development and manufacturing interests.[2][3]

In July 1969, the joint venture was superseded by Motoren- und Turbinen-Union GmbH (MTU), which took over the aircraft engine and high-speed diesel engine activities of MAN Turbo and Daimler-Benz.[2][3] MTU München was responsible for aircraft engines, while MTU Friedrichshafen was responsible for diesel engines and other gas turbines.

In 1985, Daimler-Benz bought MAN's 50% share in the company, and made MTU part of its aerospace subsidiary DASA. In 2000, when DASA was merged with other companies to form the European aeronautics and defense systems company EADS, MTU was split from DASA and stayed part of DaimlerChrysler. In 2003, MTU was sold to private equity firm KKR. Two years later, KKR sold all its shares at Germany's stock exchanges.

The company has other locations around the globe, including Vancouver, British Columbia; Rzeszów, Poland; and Zhu Hai, China.

Products

Civil

Source:[4]

Military

Source:[5]

References

  1. 1 2 3 4 5 6 "Annual Report 2010" (PDF). MTU Aero Engines. Retrieved 17 April 2011.
  2. 1 2 "75 years: MTU Aero Engines celebrates anniversary". Global Business Jet. Stansted News Limited. Retrieved 20 December 2010.
  3. 1 2 "AERO ENGINES 1970". Flight International. Flight International. 1 January 1970. Retrieved 20 December 2010.
  4. ↑ http://mtu.de/en/products_services/new_business_commercial/programs/index.html
  5. ↑ http://mtu.de/en/products_services/military_business/programs/index.html

External links

This article is issued from Wikipedia - version of the Tuesday, March 15, 2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.