July 23, 2013

ITP signs agreement to participate in two new Rolls-Royce programmes

Industria de Turbo Propulsores, S.A. (ITP), and Rolls-Royce have signed an agreement by which ITP will be responsible for the supply of Low Pressure Turbines (LPT) for two new engines: the Trent XWB-97 for the Airbus A350-1000 and the Trent 1000-TEN for all versions of the Boeing 787. In both agreements ITP will participate as a Risk and Revenue Sharing Partner for the life of the programmes, hence extending ITP´s participation to the complete family of Rolls-Royce engines for twin aisle commercial aircraft. Once the new aircraft enter service ITP estimates to have a 50% share in the worldwide market of LPTs for twin aisle aircraft. ITP will be responsible for the Design, Manufacture and Assembly of the Low Pressure Turbine module for both engines. The Low Pressure Turbine Module is one of the main engine modules in modern large turbofans. ITP will perform the complete design of the turbines, including all phases of the design, from conceptual design, to detail design and development utilizing the latest technology In order to produce the cleanest and most efficient turbines. ITP will manufacture all the key components of the turbines in the facilities of the ITP Group utilizing the latest manufacturing technologies and will perform the module assembly in order to supply a complete assembled module to Rolls- Royce, ready to be installed in the engines. These new programmes will generate additional growth in ITP and will require investments in excess of €250m in Research and Development, as well as in industrial facilities to produce the turbines.



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