Lars Wagner

Lars Wagner leads MTU Aero Engines as CEO, overseeing Germany's sole independent manufacturer of aero engines and one of the most important partners in the global jet engine supply chain. MTU participates in some of the world's most successful engine programs: the Pratt & Whitney GTF (Geared Turbofan, powering the Airbus A320neo family — the world's best-selling commercial aircraft), the V2500 (powering the classic A320), the GE CF6 and GEnx (wide-body engines), and various military engine programs (including the Eurofighter's EJ200). MTU's role in these programs involves designing and manufacturing critical engine components — particularly turbine blades, compressor stages, and low-pressure turbine modules — which it supplies to engine OEMs (Pratt & Whitney, GE Aerospace). The company's revenue share in each engine program generates earnings throughout the decades-long lifecycle of the engine. MTU's MRO (maintenance, repair, and overhaul) business is equally important, providing engine maintenance services to airlines and lessors worldwide. As the global fleet ages and GTF engines begin requiring their first scheduled overhauls, MTU's MRO revenue is expected to grow significantly. Key stock drivers include commercial aircraft deliveries, GTF production and fleet expansion, MRO shop visit volumes, spare parts demand, military engine programs (particularly the FCAS future fighter engine), supply chain stability, and the overall health of global aviation.