
Germany's MTU lifts full-year outlook, gives long-term forecast
June 17 (Reuters) - German engine manufacturer MTU Aero Engines (MTXGn.DE), opens new tab said on Tuesday it expects revenues of between 8.6 billion and 8.8 billion euros ($10.18 billion) in 2025, citing high industry demand and a strong product mix for a raised outlook.
In April, it forecast full-year adjusted revenue in a range of 8.3 billion euros and 8.5 billion euros.
It also sees its adjusted operating profit increasing by a low to mid-twenties percentage range this year, compared with the earlier expected growth in a mid-teens percentage range.
The firm, which makes the engine for the Eurofighter Typhoon, expects to reach revenue of between 13 billion and 14 billion euros in 2030, it added.
($1 = 0.8645 euros)
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PARIS, June 17 (Reuters) - European aerospace companies Leonardo ( opens new tab Thales ( opens new tab and Airbus ( opens new tab will assess the feasibility of a space alliance by the end of July, Leonardo CEO Roberto Cingolani said on Tuesday at the Paris Airshow. Under so-called "Project Bromo", named after an Indonesian volcano, the three groups have been exploring plans to set up a new joint space company as Europe looks to compete with Elon Musk's Starlink. Cingolani said that by the end of next month the three groups would have assessed several aspects of a potential partnership, including possible European antitrust hurdles, financial due diligence, and "the value creation" of the venture. "The business model will take more time, however," the CEO added, speaking to reporters, He confirmed that the structure of the alliance would be similar to that of Europe's top missile maker MBDA, owned by Airbus, Leonardo and BAE Systems (BAES.L), opens new tab, although "slightly different in governance". Cingolani also said that Leonardo and Thales - which already have two joint ventures in the space sector, namely Thales Alenia Space and Telespazio - were considering merging these into the new entity. "It's a moment when we are discussing all scenarios," he said. Separately, Italian Industry Minister Adolfo Urso told reporters that he hoped talks over a potential Italian-French space alliance could include Germany too. "We are in tune with Germany and the new German government on many industrial dossiers," Urso said.