I will remain invested here as well.
A nice DAX stock to diversify your portfolio a little.
MTU Aero Engines won orders worth more than 400 million dollars at the Dubai air show. The largest single order was placed by Emirates airline. However, MTU was largely unsuccessful in the geared turbofan engine segment for short- and medium-haul jets.
The Munich-based engine manufacturer MTU Aero Engines collected orders worth more than 400 million dollars (around 347 million euros) at the Dubai Air Show. The largest single order came from the Emirates airline, as MTU announced.
The Dubai-based airline had ordered 65 Boeing 777X long-haul aircraft, which resulted in an order for 130 GE9X engines.
MTU supplies the turbine center frame for these engines from US manufacturer GE Aerospace and thus holds a four percent share of the program. The Boeing 777X is powered by GE Aerospace engines.
The airline Flydubai purchased 60 GEnx engines for its Boeing 787 fleet. MTU holds a 6.5 percent stake in these engines. While the Boeing 777X is tied to GE engines, Flydubai could also have opted for engines from the British manufacturer Rolls-Royce for the Boeing 787.
Away from the trade fair, the airline Saudia also opted for GE engines for 39 Boeing 787 jets.
MTU and its larger US partner Pratt & Whitney were less successful with geared turbofan engines for short- and medium-haul jets. The Munich-based company reported only one order for engines for three Embraer E2 jets for Helvetic Airlines.
Text: af, DPA, Reuters © airliners.de
https://www.airliners.de/mtu-profitiert-boeing-bestellungen-dubai-air-show/84493
