- Amidst military tensions with Russia, India's Defence Acquisistion Council approves purchase of 21 MiG-29 and 12 SU-30MKI fighters
- Purchase of 21 additional refurbished MiG-29s from Russia and upgrade of India's 59 existing MiG-29 fighters to cost 7,418 Crore
- 12 Su-30MKI fighters to be procured from HAL at a cost of 10,730 Crore
- 1,000-km range land attack cruise missiles, Astra BVRs, Pinaka missiles among procurement approvals worth 38,900 Crore
- Welcome the Rafale Jets
Klaus Eberhardt to continue as Chairman of the Supervisory Board of MTU Aero Engines AG
Klaus Eberhardt (72) will continue to lead the Supervisory Board of MTU Aero Engines AG. This was decided unanimously by the Supervisory Board at its meeting today. Maintaining continuity at the helm of the Supervisory Board is a response to the special challenges presented by the coronavirus crisis.
“I am pleased to accept the task of continuing to actively accompany MTU’s development. The Supervisory Board has worked extremely well together in its existing composition and developed considerable expertise in issues concerning the company and the industry. Based on this, we, together with the Executive board, will successfully meet the crisis-related challenges,” said Eberhardt.
At its meeting today, the Supervisory Board also decided unanimously to raise the previously valid age limit for Supervisory Board members in general to 75. Given a general increase in life expectancy, this step will contribute to being able to secure valuable expertise and experience especially in MTU’s long-term business model.
The Annual General Meeting of MTU Aero Engines AG will be held virtually on August 5, 2020. Re-election of Eberhardt is not necessary, since his Supervisory Board mandate lasts until 2023.
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