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MTUAY MTU Aero Engines AG (PK)

122.13
3.54 (2.99%)
03 May 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
  3.54 2.99% 122.13 120.35 123.46 122.46 121.43 122.46 4,005 21:18:14

MTU Maintenance Canada to Provide Services for US Air Force's F108 Engines

22/10/2020 2:04pm

Dow Jones News


MTU Aero Engines (PK) (USOTC:MTUAY)
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   By Giulia Petroni 
 

MTU Aero Engines AG said Thursday that its subsidiary MTU Maintenance Canada Ltd. would partner with GE Aviation to provide maintenance, repair and overhaul services for the U.S. Air Force's F108 engines.

The German aircraft-engine manufacturer said the two parties would enter into a five-year contract with a one-year base and four one-year option periods.

MTU Maintenance's services will begin from the fourth quarter of the year. Financial details of the agreement weren't disclosed.

GE Aviation is a subsidiary of General Electric Co.

 

Write to Giulia Petroni at giulia.petroni@wsj.com

 

(END) Dow Jones Newswires

October 22, 2020 08:49 ET (12:49 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.

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