MTU Aero Engines is Germany's leading and the country's only independent engine manufacturer and is an established global player in the industry. It engages in the development, manufacture, marketing and support of commercial and military aircraft engines and industrial gas turbines.
The company is a technological leader in low-pressure turbines, high-pressure compressors, manufacturing processes and repair techniques. In the commercial maintenance area, MTU Maintenance is the world's largest independent provider of engine maintenance services.
In the military arena, MTU Aero Engines is Germany's industrial lead company for practically all engines flown by the country's military. MTU operates affiliates around the globe; Munich is home to its corporate headquarters.
In fiscal 2012, the company had a workforce of some 8,500 employees and posted consolidated sales of some 3.4 billion euros. In early March of last year, the company won the German Industry's 32nd Innovation Award, and in April, it was honored with the German Innovation Award.
In both instances, MTU received the recognition for the geared turbofan(TM) engine's high-speed low-pressure turbine.