MTU Maintenance renews CF34 license agreement with GE Aviation

Projected MTU sales: more than 500 million euros / Market potential of more than 4,500 engines

(PresseBox) ( Hamburg, Germany, )
For MTU Maintenance Berlin-Brandenburg, the CF34 engine has become an ongoing success story. The company has now renewed a license agreement with GE Aviation, an operating unit of General Electric (GE), for the maintenance, repair and overhaul of the CF34-3, -8 and -10 engine versions long before the contract period expired. The agreement, originally signed in 2002 for a term of ten years, is now set to run until 2022. Over the life of the agreement, MTU expects the deal to generate sales in the amount of more than 500 million euros.

On the occasion of the contract signing ceremony, Dr. Stefan Weingartner, MTU Aero Engines President and CEO Commercial Maintenance, said: "With this decision, we'll be keeping this highly promising program in our Ludwigsfelde-based affiliate's portfolio long-term. This way, we will contribute significantly towards securing high-tech jobs in the Brandenburg region."

According to the contract, MTU Maintenance Berlin-Brandenburg has the right to so-licit orders for its services from customers located all over the world. The CF34's mar-ket is estimated at over 4,500 units, the engine being among the best-selling in its class. Every year, more than 100 engines are expected to visit the shop in Ludwigs-felde.

MTU Aero Engines is Germany's leading engine manufacturer and a long-established player in the engine industry. Its Maintenance group is the world's largest independent provider of maintenance services for commercial engines. MTU is a technology leader in the fields of high-pressure compressors, low-pressure turbines, manufacturing and repair techniques. In the military arena, the company is the Federal Armed Forces' major industrial partner for practically all engines flown by the services. With a global workforce of approximately 7,500 employees, MTU in fiscal 2008 posted more than 2.7 billion euros in consolidated sales.
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