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| Name | Symbol | Market | Type |
|---|---|---|---|
| MTU Aero Engines AG (PK) | USOTC:MTUAY | OTCMarkets | Depository Receipt |
| Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -1.44 | -0.87% | 164.45 | 161.84 | 167.12 | 164.80 | 164.12 | 164.12 | 5,003 | 21:18:30 |
From Nov 2019 to Nov 2024
By Cecilia Butini
MTU Aero Engines AG said late Thursday that it would collaborate with Safran SA's Safran Aircraft Engines and Spain's ITP Aero on the development of an engine to power the Next-Generation Fighter aircraft.
The company said its collaboration with Safran Aircraft Engines will take place as part of a joint venture it established with the company, which is named EUMET.
The JV will act as prime contractor in the program, while Spanish engine manufacturer ITP Aero will be the main partner.
The development of the Next-Generation Fighter aircraft engine is part of Europe's FCAS, or Future Combat Air System, MTU Aero Engines said.
Write to Cecilia Butini at cecilia.butini@wsj.com
(END) Dow Jones Newswires
April 30, 2021 02:12 ET (06:12 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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