What ITP AERO does

ITP Aero is a Spain-headquartered aerospace propulsion company that designs, develops, manufactures, and provides full lifecycle services for aeroengines used in commercial aviation, defense, and industrial applications. Founded in 1989 in Zamudio, Basque Country, with backing from Rolls-Royce and SENER, the company has grown into a global Tier-1 propulsion supplier operating 14 sites across six countries (Spain, UK, Mexico, India, US, Norway) with more than 6,500 employees. Its commercial aviation portfolio covers twin-aisle platforms via Low Pressure Turbine (LPT) modules for the Rolls-Royce Trent engine family — reaching a 10,000th LPT module milestone — and single-aisle/regional platforms through Risk and Revenue Sharing Partner (RRSP) status on Pratt & Whitney's geared turbofan (GTF) programme, delivering combustors and component repair for PW1500G and PW1900G engines. Defense programmes span the Eurofighter EJ200, A400M TP400 transport, T700 and F124 helicopter engines, and ITP Aero leads the Spanish engine pillar of the FCAS next-generation fighter and participates in the Airbus-led Team Gen 6 consortium.

The company's business model is B2B enterprise-direct, selling components, modules, and aftermarket MRO services under multi-year contracts to a concentrated set of engine OEMs (Rolls-Royce, Pratt & Whitney, GE Aviation, Honeywell) and defense ministries. Revenue is generated across three segments — commercial aviation, defense, and MRO — with MRO being deliberately expanded from approximately 10% of revenues to a target 20-25% via acquisitions (BP Aero in Texas, Aero Norway in Stavanger) and organic GTF network authorization. ITP Aero holds the world's first EASA certification for additive manufacturing of a structural aeroengine component (TP400 rear-section vanes), achieved through over a decade of proprietary 3D-printing development that delivers 25% energy and up to 50% weight/noise reductions. The company is privately held, majority-owned by Bain Capital since 2022, with Spanish defense systems company Indra holding a 9.5% strategic stake acquired in 2023.

Name

ITP AERO

Legal name

Industria de Turbo Propulsores, S.A. (Sociedad Unipersonal)

Website

https://www.itpaero.com/es/

Company type

Private

Founded year

1989

Operating status

Operating

Headcount range

5,001–10,000 employees

Ownership category

akta.pro rank

Product category

Aerospace Engine Propulsion

NAICS

Aircraft Engine and Engine Parts Manufacturing (336412)

SIC

Aircraft Engines & Engine Parts (3724)

akta.pro primary industry

Engine Modules & Hot-Section Components (Compressors/Turbines/Combustors) (IMABADAJ)

akta.pro secondary industries

Engine MRO (Shop Visits, Overhaul & Module Repair) (IMABALAC), Aircraft Engine MRO (Overhaul, Repair, Test Cell) (TLAKAJAB)

Keywords

• Aeroengine manufacturing
• Engine MRO services
• Aerospace propulsion
• Defense engine programs
• Additive manufacturing

Headquarters

HQ city

Querétaro

HQ country

Mexico

HQ region

Latin America

Offices7 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Personnel, Operations, Technology or R&D, Supply Chain, Infrastructure, Marketing or Sales

Revenue model

1. Engine Components Manufacturing: Manufacturing of aeroengine components and modules for commercial aviation platforms including Low Pressure Turbine (LPT) modules, combustors, and structural components for Rolls-Royce Trent, Pratt & Whitney GTF, and other engine programs.
2. MRO Services: Maintenance, Repair, and Overhaul services for commercial and defense engines. MRO business growing from 10% to target 20-25% of annual revenues. Includes engine testing, component repair, and full MRO capabilities across global network.
3. Defense Engine Programs: Development and manufacturing for defense platforms including Eurofighter EJ200, A400M TP400, and participation in FCAS next-generation fighter program. Includes engine lifecycle support for military aircraft.

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels7 records

Core offering

ITP Aero designs, develops, manufactures, and provides full lifecycle services for aeroengines and engine components, supplying low-pressure turbine (LPT) modules, combustors, and structural parts for commercial aviation (Rolls-Royce Trent, Pratt & Whitney GTF, GE CF34/CFM56) and defense platforms (Eurofighter EJ200, A400M TP400, Apache T700, FCAS). It is also a Risk and Revenue Sharing Partner (RRSP) on key engine programmes and operates a growing global MRO business for engines and components across commercial and defense customers.

Product overview

ITP Aero is a global leader in aerospace propulsion offering a comprehensive portfolio of engine programmes, manufacturing, and lifecycle services. The company operates across three core segments: commercial aviation (twin-aisle Trent modules, single-aisle GTF components, business aviation engines), defence (Eurofighter EJ200, A400M TP400, FCAS, helicopters), and MRO services. Key products include engine components manufactured through traditional and additive manufacturing, while services span full engine MRO, component repair (TIC Vane Pack, combustors, etc.), and engine testing capabilities. The company has expanded through acquisitions including BP Aero (US) and Aero Norway (Europe), and participates in major engine programmes as an RRSP partner with Pratt & Whitney and Rolls-Royce.

Differentiator

Problem solved

Functional benefit

Products and services

• Commercial Aviation Engine Programmes Design, development, manufacturing, and lifecycle support for commercial aircraft engine components and modules — including Low Pressure Turbine (LPT) modules for Rolls-Royce Trent engines powering Airbus A330 and Boeing 777 widebodies, and GTF engine components (combustors for PW1500G and PW1900G) for Airbus A220 and Embraer E2 narrowbody/regional platforms, plus business aviation engines. Sold to engine OEMs as an RRSP partner.
• Defence Engine Programmes Development, manufacturing, and lifecycle support for military aircraft engines including the Eurofighter EJ200 combat jet engine, TP400 for the A400M military transport, T700 for the AH-64 Apache helicopter, F124 trainer engine, and the engine pillar of the next-generation FCAS combat air system. Also member of Airbus-led Team Gen 6 consortium.
• Industrial and Marine Turbines Turbine technology for industrial power generation and maritime propulsion applications beyond aerospace. Sold to industrial and marine customers.
• Engine MRO Services Comprehensive maintenance, repair, and overhaul services for commercial and defence aircraft engines across multiple platforms (CFM56, GTF PW1500G/PW1900G, CF34, CF6, GE90, LEAP, GEnx, Trent, EJ200, TP400, F124, T700). Includes full engine MRO capabilities, engine testing, and authorized OEM-network membership (21st shop in Pratt & Whitney GTF MRO Network).
• Component Repair Services Advanced component repair services for engine parts including TIC Vane Pack (Stator Assembly – Turbine Intermediate Case) for PW1500G/PW1900G GTF engines, CF34-10 components (Fan Rotor Spinner, Compressor Rotor Forward Shaft, HPC Case) via GE Aviation's European Repair Service network, combustors, fan rotor spinners, compressor rotor shafts, and HPC cases.
• Engine Test Cell Services Engine testing and certification capabilities including the only aeronautical engine test cell of its kind in Latin America, located in Querétaro, Mexico, with capacity for up to 225 engine tests per year and on-site renewable energy (1,400 MWh solar generation). Services engines across commercial and defence platforms.
• BP Aero MRO Services US-based MRO services for aircraft engine components, including CFM, CF6, CF34, GE90, LEAP, GTF, and GEnx platforms. Acquired by ITP Aero in February 2024 as its first MRO acquisition and first US presence, with a new 120,000 sq. ft expansion facility in Irving, Texas near Dallas Fort Worth Airport.
• Aero Norway MRO Services Norway-based MRO services specialising in CFM56 engine overhauls for narrowbody aircraft including the Airbus A320 family and Boeing 737 variants, operated from Stavanger (Sola Airport) with over 200 employees. Acquired by ITP Aero in February 2026.

Quantifiable outcome

• 25% reduction in energy consumption with additive manufacturing
• +6 more outcomes

Named customers5 records

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Nine partnerships are on record, tiered core.

• Pratt & WhitneycoreTechnology or IntegrationITP Aero is Risk and Revenue Sharing Partner (RRSP) in Pratt & Whitney's GTF program. Since June 2025, ITP Aero has been part of Pratt & Whitney's global GTF MRO Network as the 21st shop. Provides combustors for PW1500G and PW1900G engines. Ajalvir facility provides full MRO services for GTF engines.
• Rolls-RoycecoreTechnology or IntegrationLong-standing partnership with Rolls-Royce. ITP Aero delivers Low Pressure Turbine (LPT) modules for Trent engines. Delivered 10,000th LPT module milestone. Historically, Rolls-Royce was a founding partner of ITP Aero alongside SENER.
• GE AviationcoreTechnology or IntegrationITP Aero joined GE Aviation's European Repair Service (ERS) network in October 2025 to provide repair services for CF34-10 engine components including Fan Rotor Spinner, Compressor Rotor Forward Shaft, and HPC Case. First repair contract with GE Aviation.
• HoneywellcoreTechnology or IntegrationJointly inaugurated Europe's first F124 engine service center in Madrid in September 2025. Partnership provides regional coverage for F124 engine MRO services.
• Aero NorwaycoreStrategic or Co-development PartnerAcquired in February 2026. CFM56 engine MRO specialist based in Stavanger, Norway with 200+ employees. Complements ITP Aero's MRO capabilities and strengthens position in European aftermarket.
• BP AerocoreStrategic or Co-development PartnerAcquired in February 2024. Texas-based provider of aircraft engine aftermarket services. First MRO acquisition and first US presence. Expansion underway with new 120,000 sq. ft facility in Irving, Texas.
• Airbus (Team Gen 6)coreStrategic or Co-development PartnerITP Aero is part of Airbus-led Team Gen 6 consortium (German-Spanish initiative) for sixth-generation combat jet development after FCAS program collapse. Spanish companies Indra, GMV, Grupo Oesia, Sener, and ITP Aero forming industrial partnership.
• Airbus (FCAS)coreStrategic or Co-development PartnerITP Aero is leader of the FCAS (Future Combat Air System) engine pillar in Spain. The program involves development of next-generation fighter jet propulsion in collaboration with European partners.
• Indra (Team Gen 6)coreStrategic or Co-development PartnerIndra is part of Team Gen 6 consortium alongside ITP Aero following FCAS program collapse. Both Spanish companies collaborating on next-generation European fighter program.

Scale indicators17 records

Recent moves10 records

Expansion highlights6 records

Direct peers

• Chromalloy: Independent provider of component repair and overhaul services for commercial and military engines. Direct functional peer to ITP Aero's expanding TIC vane pack, combustor, and component repair capabilities.
• GKN Aerospace: Tier-1 supplier of aerostructures and engine components, including additive-manufactured engine parts. Closest functional peer to ITP Aero in propulsion components, MRO services, and global manufacturing footprint across Europe, US, and Asia.
• Magellan Aerospace: Engine components, aerostructures, and MRO provider with strong presence on Rolls-Royce and PWC platforms. Comparable tier-1 supplier model with mix of OEM manufacturing and aftermarket services.
• StandardAero: Independent aerospace MRO provider specializing in engine and component repair across commercial and business aviation platforms. Closely comparable to ITP Aero's expanding MRO business and Aero Norway / BP Aero service offerings.
• MTU Aero Engines: German engine manufacturer and major independent MRO provider, partner in several engine programs including PW1000G. Comparable business mix of OEM module supply plus aftermarket MRO services.
• Triumph Group: Aerospace structures, engine components, and MRO services supplier serving OEMs and the aftermarket. Similar exposure to engine programs (including military) and an aftermarket growth strategy through acquisitions and component repair expansion.

Broad incumbents

• Safran Aircraft Engines: World-leading aeroengine OEM (CFM56, LEAP partnerships) and major MRO player. Overlaps with ITP Aero in engine components, MRO services, and industrial turbines, but operates as a full engine integrator rather than a component specialist.
• Honeywell Aerospace: Diversified aerospace propulsion and systems supplier — joint ITP Aero partner on F124 service center in Madrid. Overlaps in engine components, MRO services, and APUs, though operates as a much larger incumbent.
• Collins Aerospace (RTX): Diversified aerospace supplier with significant engine components and aftermarket services across Pratt & Whitney programs. Comparable to ITP Aero in supplying major engine OEMs and operating in the MRO aftermarket, but with a much broader portfolio beyond propulsion.
• Pratt & Whitney Canada: Subsidiary of RTX manufacturing engines and operating the global GTF MRO network of which ITP Aero is the 21st member. Both partner and partial comparator — runs the network ITP Aero is joining for component manufacturing and MRO services.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/itpaero
• LinkedInlinkedin.com/company/itp-aero
• Instagraminstagram.com/itpaero/?hl=es

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles17 records

Subsidiaries2 records

Funding overview

Funding rounds2 records

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A2 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about ITP AERO