MTUAY MTU Aero Engines AG (PK)

141.3175

0.6375 (0.45%)

Last Updated: 19:37:52

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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
	0.6375	0.45%	141.3175	141.17	142.60	141.61	141.19	141.61	2,617	19:37:52

MTU Aero, Safran JV to Cooperate With ITP Aero on Engine Development

30/04/2021 7:27am

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   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)