Calepin des entreprises international 2026 VA.pdf — page 103

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ITP AERO
Business trends
	
 ITP Aero posted revenues of €1,612 million in 2024, up 23.5% year-on-year, thanks in particular to the strong 
performance of the civil aeronautics market, as well as defence and maintenance activities. Growth was also 
driven by the acquisition in February 2024 of the American company BP Aero, which provides after-sales 
services for civil and military aircraft engines. The group is a subcontractor to Rolls-Royce for the Trent family 
of turboshaft engines used on Airbus and Boeing passenger aircraft, and to the U.S. groups GE Aerospace, 
Honeywell and Pratt & Whitney, for whom it produces engine parts for business jets.
	
 In October 2024, the group inaugurated an extension to its Querétaro site in Mexico dedicated to the production 
of cast parts and logistics activities. Following this extension, up to 250 new employees will join the site, which 
already has more than a thousand employees, within three years.
	
 In February 2025, ITP Aero inaugurated an R&D centre in Zamudio (Spain). Named ADMIRE, this centre is 
dedicated to 3D printing technologies, in particular for the NEFE propulsion system of the future European Next 
Generation Fighter aircraft (a programme led by MTU Aero Engines and Safran, partners in the EUMET joint 
venture), but also for civil aviation. This centre will employ more than 150 people.
	
 Turkish Aerospace signed letters of intent with several Spanish groups in May 2025 as part of the Spanish Air 
and Space Force’s acquisition of 30 Hürjet advanced trainer and light attack aircraft. ITP Aero will be involved 
in the propulsion part of this programme.
Home market
	
 ITP Aero is Spain’s leading engine manufacturer. In the defence sector, the group operates mostly through 
partnerships with the other main European engine manufacturers (Avio Aero, MTU Aero Engines, Rolls-Royce 
and/or Safran), to which it supplies parts and components. ITP Aero is part of several consortiums: EuroJet 
Turbo (EJ200 turbofan engine for the Typhoon fighter), Europrop International (TP400-D6 turboprop for the 
A400M Atlas transport aircraft) and MTRI (MTR390-E turboshaft engine for the Tiger attack helicopter). 
The group also assembles the EJ200 and CT7-8F5 engines for Spain’s Typhoon aircraft and NH90 helicopters 
respectively.
	
 In December 2024, the EuroJet Turbo consortium (comprising ITP Aero, Avio Aero, MTU Aero Engines and 
Rolls-Royce) signed a contract with NATO Eurofighter & Tornado Management Agency (NETMA) to supply 
59 EJ200 turbojet engines to power the 25 Typhoon fighter aircraft ordered that same month by the Spanish Air 
and Space Force (Halcón II programme). The various modules of the turbojet engines will be produced by the 
four consortium members, with final assembly carried out by ITP Aero at its site in Ajalvir (Spain) and deliveries 
scheduled between 2029 and 2034.
Export markets
	
 In export markets, ITP Aero supplies GE Aerospace with components for the F414-GE-400 (F/A-18E/F Super 
Hornet fighter aircraft) and J85 (F-5E/F Tiger II fighter aircraft and T-38 Talon trainer aircraft) turbojet engines, 
and for the LM2500 gas turbine installed on several frigates (FREMM, Álvaro de Bazán-class, Independence-
class, etc.).
	
 The Royal Netherlands Air and Space Force awarded a contract in May 2025 to ITP Aero for the maintenance 
and repair of the T700-701D turboshaft engines (GE Aerospace) which power its AH-64E Apache attack 
helicopters (Boeing). The work will be carried out at ITP Aero’s site in Albacete (Spain).
Technology and Innovation
	
 The group’s self-financed R&D expenditure amounted to €102 million in 2024, representing 6.3% of revenues.
STRATEGIC HIGHLIGHTS