ITP Aero Reaps Growth From New Engine Platform Roles – AIN – July 23
The Spain-based ITP Aero engines and components business has been expanding its manufacturing and aftermarket businesses after it was sold from Rolls-Royce to Bain Capital two years ago, AIN report. The company is still a supplier to the Trent family of engines, but also has positions on Pratt & Whitney’s Geared Turbofan, Honeywell’s HTF7000, Airbus’ ZeroE hydrogen airliner program and is the Spanish engine partner for Europe’s Future Combat Air System. In the last full financial year it increased revenues by 25 percent and earnings by 50 percent while it has spent over $600 million in research and development in recent years.
The post ITP Aero Reaps Growth From New Engine Platform Roles – AIN – July 23 appeared first on Avionics International.
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