|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||67.25 - 71.36|
|52 Week Range||54.90 - 159.40|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||16.36|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
SYDNEY/MONTREAL March 24 (Reuters) - The pandemic is taking its toll on aerospace manufacturing, as Boeing Co announced it would halt production of most widebody jets and Airbus SE restarted only partial output after a four-day shutdown as suppliers cut jobs. Global passenger capacity fell by 35% last week, the worst since the start of the crisis, according to data from airline schedules firm OAG, which said deeper cuts were likely in the coming weeks. Boeing faces the shutdown of key assembly lines for the second time in a year after being forced to halt production of its grounded 737 MAX aircraft in January.
Unfortunately for some shareholders, the MTU Aero Engines (ETR:MTX) share price has dived 55% in the last thirty days...
European shares tumbled on Wednesday as fears over the relentless global spread of the coronavirus overshadowed sweeping U.S. stimulus measures to support businesses and contain the economic damage from the pandemic. The pan-European STOXX 600 index was down 1.9% at 0804 GMT, with bourses in London and Germany leading declines. The benchmark index had closed up more than 2% on Tuesday as Spain announced a bumper stimulus plan to combat the economic shock of the coronavirus, but global equities fell again on Wednesday as concerns over the virus' impact on corporate finances returned to the forefront.
German aircraft engine maker MTU Aero Engines expects Boeing to offer two jet engines for the successor model to its 737 plane, its chief executive told a weekly paper, adding this could double MTU's market share in the segment. Airbus offers engines from two manufacturers for its A320neo aircraft: CFM International LEAP, a 50-50 joint venture between GE and France's Safran; and United Technologies' Pratt & Whitney, which is being supplied by MTU Aero Engines.
For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...
France's Safran and MTU Aero Engines of Germany have agreed to develop together a jet engine for a Franco-German fighter, removing a key obstacle to one of Europe's flagship defence projects. Negotiations between the two companies have dragged on for months as the parties debated who should lead the efforts to develop an engine for the strategic Franco-German project. Safran will take the lead in engine design and integration, and MTU will take the lead in engine services, they said.
French engine maker Safran and German counterpart MTU Aero Engines have reached an agreement to cooperate on a military jet engine, removing an obstacle to developing a Franco-German fighter, sources familiar with the matter said. The agreement, which follows a letter of intention signed in February, calls for Safran to be the prime contractor with MTU as "main partner" they said.
FRANKFURT/BERLIN, Sept 5 (Reuters) - Private equity firm KKR is preparing for a stock market flotation or sale of German defence supplier Hensoldt in a potential 2 billion euro ($2.2 billion) deal, people close to the matter said. The buyout group has in recent weeks listened to bankers present options for exiting its investment, including a listing of 20-30% on the stock exchange or a sale to a defence group or private equity business next year, they said, adding KKR was expected to hire an adviser soon to help arrange a deal. KKR declined to comment.
FRANKFURT/BERLIN, Sept 5 (Reuters) - Private equity firm KKR is initiating preparations for a stock market flotation or sale of German defence supplier Hensoldt in a potential 2 billion euro ($2.2 billion) deal, people close to the matter said. The buyout group has in recent weeks listened to bankers present exit options, including a listing of 20-30% on the stock exchange or a sale to a defence group or private equity investor next year, they said, adding that KKR is expected to soon mandate an advisor to help organise the deal. KKR declined to comment.
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Aerospace executives see potential benefits from the surprise merger of Raytheon Co and United Technologies, including the prospect for better margins for suppliers and perhaps the chance to bid for any units put up for divestment. United Technologies provides primarily commercial plane makers with electronics, communications and other equipment, whereas Raytheon mainly supplies the U.S. government with military aircraft and missile equipment. Airpane makers Airbus and Boeing have said they will study the merger carefully, but other U.S. and European executives said they did not expect a significant impact to their businesses.
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of MTU Aero Engines AG and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.
The most you can lose on any stock (assuming you don't use leverage) is 100% of your money. But on the bright side, you can make far more than 100% on a really good stock. One great example is MTU Aero Engines AG (ETR:MTX) wh...