MTU AERO ENGINES raised its 2024 earnings guidance based on preliminary results, which show adjusted EBIT margin of 14% (revenue guidance is unchanged). It is now projecting an adjusted EBIT of >€1b for year, up from €950m-€980m.
BRITTEN-NORMAN secured significant capital injection from Northern Ireland-based BEECHLANDS ENTERPRISES, completing its second funding round to accelerate production of Islander aircraft and grow its aftermarket business.
PRECINMAC, ME was acquired by CENTERBRIDGE PARTNERS. It supplies complex precision components for mission-critical applications in aerospace, defense, space, semiconductor and other high-requirements end markets.
AVIATION WEEK NETWORK forecasts worldwide delivery of >21,900 new commercial aircraft (43,958 engines) over the next 10 years, increasing fleet by 3.1% per year to 44,600 aircraft by 2034; global MRO demand is valued at $1,388b.
