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MTU AERO ENGINES AG

(MTX)
  Report
Real-time Estimate Tradegate  -  09:13 2022-12-01 am EST
200.85 EUR   +0.22%
08:36aMTU AERO ENGINES AG : Buy rating from Jefferies
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Engine maker MTU hopes for maintenance deal in German fleet overhaul

06/23/2022 | 09:45am EST
FILE PHOTO: Engines are seen at MTU Maintenance in Zhuhai

BERLIN (Reuters) - Military aircraft engine maker MTU said on Thursday it hopes for "at least a maintenance deal" as Germany replaces its ageing Tornado fighter jet fleet with F-35 steel bombers from Lockheed Martin.

MTU, which is working with the F-35 engine supplier Pratt & Whitney, is also prepared to supply spare parts, Chief Program Officer Michael Schreyoegg told journalists at the ILA Berlin Air Show trade fair.

Lockheed Martin said at the trade fair on Wednesday it could deliver the first fighter jets to Germany in 2026 depending on the outcome of talks with the German government, which had set 2025-2030 as the timeframe for the overhaul.

According to the U.S. manufacturer's vice president of F-35 business development, J.R. McDonald, more German companies are looking into how they could get involved by supplying parts or providing maintenance.

(Reporting by Zuzanna Szymanska and Christina Amann; editing by Barbara Lewis)


ę Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
LOCKHEED MARTIN CORPORATION 0.23% 485.19 Delayed Quote.36.21%
MCDONALD'S CORPORATION 0.51% 272.79 Delayed Quote.1.25%
MTU AERO ENGINES AG 0.25% 200.9 Delayed Quote.11.71%
All news about MTU AERO ENGINES AG
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11/24MTU AERO ENGINES AG : DZ Bank maintains a Buy rating
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11/24MTU AERO ENGINES AG : Berenberg maintains a Buy rating
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11/23MTU AERO ENGINES AG : Hauck & Aufhauser keeps its Buy rating
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11/21Dassault Aviation head cautions that FCAS warplane deal is not done yet
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11/21MTU AERO ENGINES AG : Warburg Research sticks Neutral
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Analyst Recommendations on MTU AERO ENGINES AG
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Financials
Sales 2022 5 435 M 5 605 M 5 605 M
Net income 2022 366 M 377 M 377 M
Net Debt 2022 575 M 592 M 592 M
P/E ratio 2022 29,7x
Yield 2022 1,41%
Capitalization 10 711 M 11 046 M 11 046 M
EV / Sales 2022 2,08x
EV / Sales 2023 1,73x
Nbr of Employees 10 508
Free-Float 89,8%
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 19
Last Close Price 200,40 €
Average target price 228,53 €
Spread / Average Target 14,0%
EPS Revisions
Managers and Directors
Reiner Winkler Chief Executive Officer
Peter Kameritsch Chief Financial & Information Officer
Gordon Riske Chairman-Supervisory Board
Lars Wagner Chief Operating & Sustainability Officer
Thomas Dautl Member-Supervisory Board
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