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MTUAY MTU Aero Engines AG (PK)

170.6135
6.16 (3.75%)
29 Nov 2024 - Closed
Delayed by 15 minutes
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
  6.16 3.75% 170.6135 167.05 173.10 171.35 169.75 170.56 8,478 19:00:02

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

30/04/2021 7:27am

Dow Jones News


MTU Aero Engines (PK) (USOTC:MTUAY)
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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)

Copyright (c) 2021 Dow Jones & Company, Inc.

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