Nine contracts worth more than $630 million were awarded to MTU Maintenance last November. “The deals we made again demonstrate that amid a difficult economic environment, MTU remains competitive and well positioned,” commented Egon Behle, CEO of MTU Aero Engines. The agreements signed in part are long-term, up to 10-year arrangements covering V2500, CF6 and PW2000 engines. They come mostly from the U.S. and Europe.
“This year, MTU is launching four new engine programs that will figure substantially in sales over the next several decades,” he said.
They involve the PW810 for large business jets, geared turbofan engines for the upcoming Mitsubishi Regional Jet (PW1217G) and Bombardier C Series (PW1524G), as well as the GE38 to power heavy-lift helicopters. MTU has also taken a stake in two versions of General Electric’s LM6000 gas turbine.
The current slowdown in air traffic has had little impact on MTU, the company claims. “Our parts business is largely stable, and thanks to our modern engine portfolio, our business is less severely affected by aircraft stand-downs,” said Behle.
Older engine types, which are particularly affected by aircraft retirements, account for only about 3 percent of MTU’s commercial engine sales. The parking rate for aircraft incorporating engines from MTU’s portfolio currently is several percentage points below industry average.