en.Wedoany.com Reported - Despite the highly volatile situation in the Middle East, Munich-based engine manufacturer MTU still achieved growth in both revenue and profit in the first half of the year: revenue rose 13% to nearly €4.7 billion, and net profit increased 5% to €502 million, driven by strong demand from civil aviation and the defense industry.

CEO Johannes Bussmann and CFO Katja Garcia Vila stated that the company is on track to achieve its stated annual targets, with full-year revenue guidance of €9.2 billion to €9.7 billion.

MTU, together with the larger American engine manufacturer Pratt & Whitney and Japanese Aero Engines, builds the geared turbofan engine (Getriebefan). This engine powers the smallest Airbus airliner, the A220, as well as around half of the A320neo family aircraft. The A320neo family is currently the world's best-selling aircraft series.

As of the end of June, MTU's order backlog stood at €30.4 billion. Garcia Vila said this order volume mathematically secures capacity utilization for more than three years, and the workload of the company's nearly 14,100 employees worldwide will not fall short in the near future.

MTU is also involved in the manufacture of engines for Boeing's wide-body aircraft in the US. Airbus and Boeing also published solid figures a few days earlier. However, revenue and operating profit in the new engine business contracted slightly, mainly due to the weak US dollar; engine maintenance and defense business increased significantly compared with the same period last year. Among these, the defense business plays only a minor role at MTU, with the majority of the company's revenue coming from the civil sector.