LOS ANGELES MTU Aero
Engines Holding AGs net income rose 9.2 percent in 2012,
and the company expects commercial aerospace demand to drive
both the groups revenue and operating profit up 10 to 12
percent in 2013.
The Munich-based aircraft engine
maker reported provisional net income of 173.9 million
($230.9 million) on revenue of 3.4 billion ($4.5 billion)
in 2012, up from net income of 159.2 million on revenue
of 2.9 billion in 2011.
Last years results have
taken the company "one big step closer to realizing our goal of
6 billion by 2020," chief executive officer Egon Behle
said in a statement.
MTU Aero expects to see the
strongest growth from commercial engines in 2013, with revenue
expected to rise 20 to 25 percent, it said.
The company also expects spare
parts sales to rise about 15 percent, with growth in commercial
engine maintenance up in the "high single-digit range."
Military engine revenue will remain "stable," it added.
MTU Aeros commercial
engine business, which accounted for 55 percent of last
years revenue, manufactures the V2500 engine for the
Airbus A320 airliner series, which is built by a partnership
with East Hartford, Conn.-based Pratt & Whitney Corp.,
London-based Rolls-Royce Plc and Tokyo-based Japanese Aero
Major revenue drivers for MTU
Aeros commercial business also included the Pratt &
Whitney PW2000 engine, which powers the Boeing 757 and Boeing
C-17 Globemaster III military transport aircraft, and the
GP7000 engine for the Airbus A380, which is built by East
Hartford. Conn.-based Engine Alliance LLC.
MTU Aeros maintenance,
repair and operations business posted the greatest revenue
growth in 2012, rising 17 percent from 2011.
The companys order backlog
as of Dec. 31 was 11.5 billion ($15.3 billion), up 9
percent year on year, representing more than three years of the
companys production capacity.
The two most important pillars
of MTU Aeros future business are the V2500 engine and the
geared turbofans in Pratt & Whitneys PW1000G family,
which will power the upcoming A320neo, as well as the
Bombardier CSeries airliners and the Japanese-built Mitsubishi
Regional Jet (MRJ), among others.
MTU Aeros main source of
business in the military sector was the EJ200 engine built by
the Hallbergmoos, Germany-based Eurojet Turbo GmbH consortium,
which also includes Rolls-Royce, Turin, Italy-based Avio SpA
and Zamudio, Spain-based Industria de Turbo Propulsores SA.