Type Aktiengesellschaft Industry Aerospace, defence Revenue 4.435 billion EUR (2015) Founded 22 December 1934 | Traded as FWB: MTX Operating income Headquarters Munich, Germany Number of employees 8,334 | |
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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 Stock price MTX (ETR) € 119.25 +0.60 (+0.51%)16 Mar, 4:10 PM GMT+1 - Disclaimer | ||
Mtu aero engines ag bliskhalle
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.
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History
While Rapp Motorenwerke and then BMW had produced aircraft engines since 1913, the modern company regards as milestone in its history the formation in 1934 of BMW Flugmotorenbau GmbH as a spin-off from BMW. During World War II it developed and produced the BMW 801, an aircraft engine used in the Focke Wulf Fw 190 fighter aircraft. At the conclusion of the war in 1945, American troops occupied the factory grounds in Allach and aircraft engine production was halted for 10 years. Meanwhile, the factory served as a U.S. Army vehicle and artillery repair shop.
On January 22 1954, BMW recommenced aircraft engine development. In 1957, BMW engine production returned to Allach with licensed production of American engines. Two years later General Electric's J79-11A engine for the Luftwaffe's Lockheed F-104 Starfighter was being produced under license by BMW Triebwerkbau GmbH. In the 1960s, the Rolls Royce Tyne engine was produced under license for Germany's Breguet Atlantic maritime patrol aircraft and C-160 Transall transport aircraft. The company moved beyond license production in 1969, when development commenced on the Turbo-Union RB199 aircraft engine for the Panavia Tornado multirole combat aircraft in cooperation with Rolls-Royce and FiatAvio.
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.
In July 1969, the joint venture was superseded by Motoren- und Turbinen-Union GmbH (MTU), which took over the aircraft engine and high-speed diesel engine activities of MAN Turbo and Daimler-Benz. 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 Rocky Hill, Connecticut; Vancouver, British Columbia; Rzeszów, Poland; and Zhu Hai, China.
Civil
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Military
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