


ITP Aero Exceeds Expectations with Record €1.61 bn Revenue in 2024, Up 24%
March 27, 2025ITP Aero Accelerates Growth and Ambitions in MRO Business at MRO Americas
ITP Aero sets target to increase its MRO business to 20-25% of its total revenues
ITP Aero is continuing to accelerate its growth in the Maintenance, Repair, and Overhaul (MRO) sector, setting a target to increase its MRO business to 20-25% of total ITP Aero revenues. This ambitious goal is part of ITP Aero’s broader strategy to enhance its global position in the aerospace market through strategic investments, innovative technologies, and global expansion.
ITP Aero is also marking a significant milestone at MRO Americas by attending the trade show jointly with BP Aero for the first time since BP Aero, a leading provider of aircraft engine aftermarket services based in Irving (Texas), became part of the ITP Aero family. In addition, BP Aero has been recognized by The145.com organisation, receiving one of aviation’s most coveted maintenance awards, the Top Shop Award in the Best Engine Component Repair category. This prestigious award highlights BP Aero’s exceptional expertise and service quality, further solidifying its role as an integral part of ITP Aero’s growth strategy in the global MRO market.
In addition to acquiring BP Aero, ITP Aero has recently opened its Advanced Manufacturing Aerospace Center (ADMIRE), a state-of-the-art facility dedicated to additive manufacturing, foundry and simulation processes, repair development, and digitalization. ADMIRE reflects ITP Aero’s commitment to innovation, helping the company meet the evolving challenges in the aerospace MRO sector.
Alan Jones, Executive Vice President of ITP Aero’s MRO Business, commented: “As part of our continued growth strategy, ITP Aero has set clear objectives for 2025 that will shape the future of our MRO business. Our strategic focus includes securing key collaborations with Tier 1 players and ensuring our participation in critical engine programs. These actions, along with ongoing investments in cutting-edge technologies, will ensure ITP Aero remains a trusted partner, providing world-class aftermarket services across the entire lifecycle of our products.”