News.

March 7, 2017
ITP starts its Dual Professional Training programme
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.
November 7, 2016
Rolls-Royce Holdings plc acquisition of outstanding stake in ITP from SENER
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.
June 13, 2016
ITP delivers the last of the Atar Engines
Maintenance work began on the Atar in 1978 and since then over 800 Atar engines have been repaired at Ajalvir for different clients, particularly the Spanish Air Force and Snecma itself.
June 4, 2016
ITP acquires 100% of casting subsidiary PCB
ITP has acquired 20% of the shares of PCB, which was in the hands of Switzerland's Precicast SA. Both companies had founded Precicast Bilbao in 1999. Through this acquisition, PCB will become a wholly owned subsidiary of ITP. Casting activities at PCB are strategic to ITP, as they allow developing a differentiated product offering in relation to other companies in the sector. In this sense, the operation is included in the forecasted growth plans that are part of ITP's current 2016-2020 Strategic Plan, which has recently been launched. 
May 2, 2016
Framework Agreement signed under which ITP will perform maintenance on in-service engines for the Spanish Armed Forces
The Director General in charge of Acquisitions for the Spanish Armed Forces, Álvaro Juan Pino Salas, and Ignacio Mataix Entero, the CEO of ITP, today formalised a Framework Agreement in the presence of the Lieutenant General of the Logistical Support Command (MALOG), José María Orea Malo. Under the terms of this agreement, the company will be responsible for the inorganic maintenance of in service engines in the different air and naval fleets of Spain's Sea, Air and Land-Based Armed Forces.
April 13, 2016
ITP turnover up 9% at 710 million euros in 2015
Operating income reached 63 million euros, a 10% increase compared to the previous year, with 8.9% profitability on sales. Such increase was due fundamentally to better performance of a number of programs, both product and management cost containment initiatives and higher In Service Support sales.
April 6, 2016
ITP acquires 100% of casting subsidiary PCB
As part of this Strategic Plan, significant growth is expected in the casting business, which will require considerable investments within the context of an industrial plan that includes both the PCB plant located in Barakaldo and the future PCB plant in Sestao, the inauguration of which is planned for the first half of 2017.
March 29, 2016
ITP to participate at FIDAE 2016
ITP continues to expand and improve its range of services and to adapt to the particular needs of each of its customers operating in the commercial, industrial and defense markets worldwide. The company meets the most stringent environmental and quality, health and safety requirements, with all major licences from OEMs (Original Equipment Manufacturer), FAA (Federal Aviation Administration), EASA (European Aviation Safety Agency) and other major civil authorities.
More about us