BERLIN (dpa-AFX) - German engine manufacturer MTU Aero Engines AG (MTUAY.PK) Monday announced that it has received around 1.3 billion euros in orders at this year's Farnborough International Airshow, at same level as last year.
MTU CEO Reiner Winkler said, 'This high total order value shows once again that the new programs in which we took stakes hold great prospects for the future. Today, airlines are always looking for engines that meet ever more stringent standards in terms of fuel efficiency and noise emissions; we score high on both counts with engines for the regional jet, narrowbody and widebody segments alike.'
The company noted that the overall volume of contracts for engines in which MTU has workshares is made up of a balanced mix of propulsion systems for short- to-medium-haul and long-haul airliners.
In Frankfurt, MTU Aero shares are currently trading at $64.76, up $0.12 or 0.19 percent.
Copyright RTT News/dpa-AFX