European engine manufacturer MTU Aero Engines reported its first quarter 2024 revenue was up 7% YoY to €1.65bn. Its net profit was down 6% YoY to €126 million and its basic earnings per share were down 5% to €2.35 per share. Its adjusted EBIT was up 3% from €212 million to €218 million.   Narrowing in on its OEM business revenues, which was up 2% YoY to €557 million in the first quarter, its military engine business revenues had shown a double-digit increase at 21% YoY to €124 million. The company said this was mostly driven by the EJ200 engine for

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