MTU Aero Engines AG (MTX.DE)
MTU Aero Engines AG operates in the Aerospace & Defense industry of the Industrials sector, headquartered in Munich, BV, DE. The stock last traded at $377.40, up 0.45% on the session, giving a market capitalisation of $20.32B. Its beta of 0.90 implies it has historically moved less than the broad market.
MTU Aero Engines AG, a German company headquartered in Munich and established in 1913, specializes in the design, production, distribution, and upkeep of commercial and military aircraft engines, alongside aero-derivative industrial gas turbines. The company conducts its operations internationally, with a significant presence across Germany, Europe, North America, and Asia. Its business is segmented into two main divisions: the Commercial and Military Engine Business, and the Commercial Maintenance Business. MTU's product portfolio includes engines for various commercial aircraft such as wide-body, narrow-body, regional, and business jets, as well as propulsion systems for military fighter aircraft, helicopters, and transport planes. In addition to manufacturing, the firm provides extensive maintenance, repair, and overhaul (MRO) services for both its commercial and military engine lines, and also produces and markets a range of brush seals. The company adopted its current name, MTU Aero Engines AG, in May 2013, having previously been known as MTU Aero Engines Holding AG.
MTU Aero Engines AG is most often compared with the following Industrials names: