After having strong footholds in commercial and military markets for decades, the centre of gravity for MTU Aero Engines' business is shifting firmly to the civilian arena.
In 2011, the Munich-based engine manufacturer and maintenance, repair and overhaul (MRO) provider generated 15% of its €2.9 billion ($3.6 billion) revenues via military programmes. The share has been shrinking for years - it was down 8.3% in 2011 - while the overall business is growing thanks to wider activities in the commercial field.
In addition to increased MRO services, MTU plans to double revenue to €6 billion in 2020 through involvement in new engine programmes such as Pratt & Whitney's PW1000G geared turbofan (GTF), increasing its share in the International Aero Engines (IAE) consortium, and via income from involvement in current-generation engines such as General Electric's CF6. Chief executive Egon Behle says the target is not based on above-average growth estimates but regular, organic increases.
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