MTU Aero Engines AG traded at 273.10 this Saturday May 16th, decreasing 14.50 or 5.04 percent since the previous trading session. Looking back, over the last four weeks, MTU Aero Engines AG lost 21.09 percent. Over the last 12 months, its price fell by 19.23 percent. Looking ahead, we forecast MTU Aero Engines AG to be priced at 266.00 by the end of this quarter and at 245.79 in one year, according to Trading Economics global macro models projections and analysts expectations.
MTU Aero Engines AG is a Germany-based manufacturer of military aircraft engines in all thrust and power categories and stationary gas turbines. The Company operates through two segments: the commercial and military engine business (OEM) and commercial maintenance business (MRO). The commercial and military engine business (OEM) segment covers the development and production of modules, components and parts for engine programs, including final assembly, as well as maintenance services. The commercial maintenance business (MRO) segment covers all activities relating to the maintenance, repair and overhaul of commercial engines and associated services. The Company operates through numerous subsidiaries in Europe, the Americas, Asia and Australia.