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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
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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