The Defence Minister supports the Spanish aeronautics industry at ITP’s 25th-anniversary gala
Madrid, 6 June 2014. The Defence Minister, Pedro Morenés, expressed his support yesterday for Industria de Turbo Propulsores, S.A. (ITP) trajectory and projects and, by extension, for the Spanish aeronautics industry during the 25th-anniversary celebrations of this business group. Also taking part were the president of ITP, Ricardo Martí Fluxá, and the managing director, Ignacio Mataix.
The event was held at the IFEMA site and was attended by 1,300 people, among whom were directors from the most relevant aircraft engine companies worldwide such as the CEO of Rolls-Royce and the President of Pratt & Whitney Canada, John Rishton and John Saabas respectively, and the president of SENER and member of the ITP board, Jorge Sendagorta. Also attending were directors from General Electric and Honeywell as well as the Minister for Economy and Finance of the Autonomous Region of Madrid, Enrique Ossorio, senior officers from the Spanish Army and numerous ITP employees.
In the photograph: (from left to right): Enrique Ossorio, Director of Economy and Public Treausure of the Autonomous Community of Madrid, Jorge Sendagorta, President of SENER, Ricardo Martí Fluxá, President of ITP, Pedro Morenés, Defense Minister, Ignacio Mataix, CEO of ITP, John Rishton, CEO of Rolls-Royce, and Pedro Arguelles, secretary of State.for Defence.
25 years of ITP
The ITP Group came into being in 1989, with the development of the international engine programme EJ200, for the Eurofighter Typhoon, as part of the Eurojet consortium, started by SENER and supported by the Spanish Government and Basque Country Government. From the beginning, Rolls-Royce shareholder (46,875%) of the company, has supported the development of ITP in the wide body civil market.
Today, the ITP Group is a sector leader worldwide, supplying high technology, high quality products and services to the aeronautic and industrial engine market that cover the entire life-cycle of each product. Its activities range from the Design, Research and Development, Manufacturing and Casting of aeronautic engines and aeroderivative gas turbines to their Assembly and Testing. It also provides In Service Support services to the majority of the world's currently active engine manufacturers.
ITP has a staff of 3,000 professionals spread across 18 operating centres distributed around the world in countries like Spain, the U.K., Malta, the U.S., Mexico, China and India, and is thus able to cover the entire market.
Benchmark Programmes Worldwide
The company, which is jointly held by SENER (53.125%) and ROLLS-ROYCE (46.875%), is a partner in all of the key new international civil aviation programmes. These include transatlantic aircraft (A380, A350 XWB and Boeing 'Dreamliner'), where ITP holds a 50% stake in the twin-aisle fleet thanks to its participation in Rolls-Royce's Trent engines, as well as programmes for regional aviation, like the Pratt &Whitney GTF engine, and business aviation.
The Group is also a partner in key European Defence Consortiums like EUROJET (the EJ200 engine that powers the Eurofighter Typhoon); EUROPROP International (the TP400 engine fitted in the A400M); and MTRI (the MTR390-E engine with which the Tigre Helicopter is equipped).
ITP ranks first among Spanish industrial companies in terms of investment in R&D compared to sales. In total, 75% of ITP's investment in R&D during 2013 went on projects aimed at enhancing environmental aspects of products or processes, focussing on improvements to its turbines consumption, efficiency, weight and noise emissions.
Note to the editor
ITP is currently the ninth largest aircraft engine and components company in the world by revenue. Ranking among the top one hundred companies in the aerospace industry (Top 100 Aerospace Companies, PwC and Flight International, 2015), the company has production centres in Spain, United Kingdom, Mexico, the United States, Malta and India with over 3,300 employees.
ITP includes among its activities the design, research and development, manufacturing and casting, assembly and testing of aeronautical engines. It also provides MRO services for a wide range of engines for regional airlines, business aviation, helicopters, industrial and defence applications.
More information on ITP
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