Operating income reached 67 million euros, an increase of 5.5% over the previous year, with 8.6% profitability on sales. The increase was mainly due to Commercial Aviation programmes in the production stage

ITP recorded turnover of 780 million euros in 2016, representing year on year growth of 9.9% and in-line with the company's forecast outlined in ITP's 2020 Strategic Plan. During the year, ITP's Commercial Aviation segment saw a 20.5% increase in activity, while Defence activity remained in line with 2015 and In Service Support recorded a slight 3.8% decrease.

The BO-105 is a lightweight utility helicopter that has been part of the Guardia Civil's Air Service fleet since the Helicopter Service was founded in 1973.

During the 3rd and 4th of November, ITP holds its XIV Technology Conference at the Auditorium of the Guggenheim Museum of Bilbao aimed at deepening into the technological aspects that are allowing the fulfilment of the goals the company has set for 2020. More than 150 engineers take part in this year's edition.

ITP started its Dual Professional Training programme today with the enrolment of 19 students: nine are joining the company's central plant in Zamudio, where they will be working closely with the CFAA (Aeronautics Advanced Manufacturing Centre), and ten are joining the PCB plant in Barakaldo, where the company's casting operations are based.

Rolls-Royce Holdings plc will purchase the outstanding 53.1% shareholding in Industria de Turbo Propulsores SA ("ITP") owned by SENER Grupo de Ingeniería SA ("SENER"). The acquisition strengthens Rolls-Royce's position on its Civil Aerospace large engine growth programmes by capturing significant additional value from its long-term aftermarket revenues, including the high volume Trent 1000 and Trent XWB engines, where ITP has played a key role as a risk and revenue sharing partner. It also enhances the group's manufacturing and services capabilities and adds value to the Defence Aerospace business, particularly on the TP400 and EJ200 programmes.

The new plant is part of PCB's expansion plan, within ITP's Strategic Plan for the 2016-2020 period, which can be considered a response to the aeronautic sector's growth prospects.

Rolls-Royce will pay SENER a total consideration of €720m. Under the existing shareholder agreement, consideration will be settled over a two year period.

The HTF7700L version, with 7,550 lb. takeoff thrust, is part of Honeywell's HTF7000 family of engines, which has set a new standard for business jet propulsion systems.