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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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.735 | -0.45% | 163.41 | 160.31 | 165.69 | 163.49 | 162.535 | 162.595 | 4,723 | 21:02:47 |
From Jan 2020 to Jan 2025
By Olivia Bugault
MTU Aero Engines AG said Friday that its MTU Maintenance Zhuhai joint venture has signed a network agreement with aerospace manufacturer Pratt & Whitney for engine maintenance at a Chinese facility.
Under the agreement, the joint venture will perform maintenance, repair and overhaul work on GTF PW1100G-JM engines made by Raytheon Technologies Corp.'s subsidiary Pratt & Whitney, the German aircraft-engine manufacturer said.
"The facility will begin introduction of PW1100G-JM capabilities immediately and expects to be able to carry out maintenance, repair and overhaul work from mid-2021," it said, adding that "MTU Maintenance Zhuhai estimates a volume of 1,000 shop visits in the next 10 years."
MTU Maintenance Zhuhai is a joint venture between MTU Aero Engines and China Southern Airlines Co.
Write to Olivia Bugault at olivia.bugault@wsj.com
(END) Dow Jones Newswires
December 04, 2020 02:54 ET (07:54 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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