|Bid||169.40 x 20700|
|Ask||169.60 x 3400|
|Day's range||165.10 - 171.85|
|52-week range||97.76 - 289.30|
|Beta (5Y monthly)||N/A|
|PE ratio (TTM)||18.29|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
Unfortunately for some shareholders, the MTU Aero Engines (ETR:MTX) share price has dived 55% in the last thirty days...
German aircraft engine maker MTU Aero Engines <MTXGn.DE> expects Boeing <BA.N> 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 <AIR.PA> offers engines from two manufacturers for its A320neo aircraft: CFM International LEAP, a 50-50 joint venture between GE <GE.N> and France's Safran <SAF.PA>; and United Technologies' <UTX.N> 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...
Shares in engineering firms and airlines dropped across Europe after Boeing said it was pausing production of the troubled 737 MAX.
France's Safran <SAF.PA> and MTU Aero Engines <MTXGn.DE> 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.
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.
* European shares higher, STOXX up 0.6% * China, U.S. to hold trade talks in October * Safran, Dassault Aviation rally on results, CYBG tanks * German industrial orders fall more than expected * Wall Street futures point to higher open Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Danilo Masoni. In Europe, the STOXX 600 has hit a fresh 1-month high while in the U.S. the S&P is 3% under its all-time high and futures are pointing to a strong start at Wall Street.
It's only natural that many investors, especially those who are new to the game, prefer to buy shares in 'sexy' stocks...
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.