Rolls-Royce has signed a strategic collaboration agreement with Industria de Turbo Propulsores (ITP) to provide turbines for new generation aircraft engines.
Under the deal, ITP will supply low-pressure and conventional turbines, as well as new high-speed turbines.
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Rolls-Royce is currently working on ultra-fan engines, which are expected to enter service from 2025.
The agreement is said to be a milestone in the long-term strategic partnership for the companies, and complements a revised shareholder agreement for the supply of a wide range of products.
Established in 1989, ITP is a joint venture of Rolls-Royce and a subsidiary of Sener with 46.9% and 53.1% stakes respectively.
The company is engaged in design, R&D and manufacturing, as well as assembly and testing of aircraft engines, and supports Rolls-Royce’s Trent engine programmes through risk and revenue sharing agreements.
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By GlobalDataThe Trent engines are designed to power the Airbus A330, A340, A380, A350 and the Boeing 787 airliners.
ITP provides technology products and services to the aircraft and industrial engine markets. It has a workforce of 3,000 across its centres in Spain, United Kingdom, Malta, US, Mexico, China and India.
For the year ended 31 December 2013, the company recorded sales of €627m, net income of €60m and had gross assets of €1.6bn.
