MTU Aero Engines

MTU Aero Engines
Type	Public (FWB: MTXGn)
Founded	1934
Headquarters	Munich, Germany
Key people	Egon Behle (CEO); Reiner Winkler (CFO); Rainer Martens (COO); Stefan Weingartner (President)
Industry	Aerospace & Defence
Products	Civil & military aero engines; Marine propulsion systems; Power generation equipment
Revenue	▲ € 2,724.3 million (2008)
Operating income	▲ € 405.7 million (2008)
Net income	▲ € 179.7 million (2008)
Employees	7,537 (2008)
Subsidiaries	Vericor Power Systems
Website	www.mtu.de

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MTU Aero Engines is Germany's leading aircraft engine manufacturer. MTU develops, manufactures and provides service support for military and civil aircraft engines. MTU Aero Engines was formerly known as MTU München. Its customers are manufacturers and operators of engines and industrial gas turbines across the world. MTU is short for Motoren- und Turbinen-Union.

The company has roots dating back to the early years of motorized flight. The brand MTU itself was established in the late 1960s as a joint venture of Daimler-Benz and MAN, manufacturing aircraft engines in Munich and other engines and gas turbines in Friedrichshafen. In 1985, Daimler-Benz bought MAN's 50% share in the company and made MTU part of its aerospace subsidiary DASA. In 2000, when DASA was merged with other companies to form the European aeronautics and defense systems company EADS, MTU was split from DASA and stayed part of DaimlerChrysler. In 2003, MTU was sold to private equity firm Kohlberg Kravis Roberts & Co. (KKR) and, two years later, KKR in turn sold all its shares at Germany's stock exchanges.^{[citation needed]}

The company has sinced expanded to many other locations around the globe such as Vancouver, British Colombia; Newington, Connecticut; Rzeszów, Poland; and Zhu Hai, China.