MTU to Ramp Up Production as Orders Surge

Order Backlog Hits Record High, Driving Expansion Plans

Eschborn, Germany, 15 February 2023 – MTU Aero Engines AG (MTU) announced today a significant increase in its order backlog, reaching a record high of 33 billion euros. This surge in demand has prompted the company to accelerate its production ramp-up plans, investing in new facilities and expanding existing ones. "The sustained high demand for our products and services reflects the strong recovery of the aviation industry and our customers' confidence in MTU's capabilities," said Michael Schreyögg, CFO of MTU Aero Engines. "We are committed to meeting this demand while maintaining our high standards of quality and reliability." To cater to the growing order backlog, MTU will invest in new production facilities in Munich, Germany, and Zhuhai, China. The Munich facility will focus on the production of high-pressure compressors, while the Zhuhai facility will specialize in low-pressure turbines. In addition, MTU will expand its existing production capacity in Poland and Canada. "These investments will enable us to increase our production capacity by 20% over the next five years," said Schreyögg. "Our goal is to meet the growing demand for our products while ensuring that we can deliver on our commitments to our customers." MTU's order backlog includes orders for commercial and military aircraft engines, as well as maintenance, repair, and overhaul (MRO) services. The company expects to deliver more than 1,000 new engines and perform over 2,000 MRO events in 2023. "We are confident that our investments in production capacity, combined with our strong workforce and innovative technologies, will enable us to continue to grow and meet the needs of our customers in the years to come," added Schreyögg.

Conclusion

MTU's robust order backlog and production ramp-up plans position the company for continued growth and success. The investments in new and expanded facilities demonstrate MTU's commitment to meeting the increasing demand for its products and services while maintaining its high standards of excellence.