ITP Signs Agreement to Participate in Two New Rolls-Royce Program

Industria de Turbo Propulsores, S.A. (ITP), and Rolls-Royce Plc 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. This contract will generate sales for ITP of 4.000 million euros in the next 30 years.

Ignacio Mataix, Chief Executive Officer of ITP said “ These contracts are a very important step in the ITP strategic plan which includes doubling ITP´s sales in the 2011-2015 period, as well as continuing to provide Rolls-Royce with Low Pressure Turbines for engines powering twin aisle commercial aircraft. For ITP this confirms a continuation in the growth path, as well as continuation of investments in leading programmes with high technological content.”

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 250 million euro in Research and Development, as well as in industrial facilities to produce the turbines.

New Engines

The Trent XWB-97 is the new engine being developed by Rolls-Royce to power on exclusive basis the Airbus A350 -1000, with capacity for 350 passengers.. The Airbus A350 has currently more than 600 orders. The engine will have a thrust of 97.000 pounds.

The Trent 1000TEN will be a new engine capable of powering all versions of Boeing 787 Dreamliner, including the recently announced 787 -10 which is a larger aircraft and hence with increased power requirements to the engines. Boeing has currently more than 850 787s on order. The engine will deliver a thrust of 76.000 pounds, with capability to deliver 78.000 and is currently on the design phase with entry into service scheduled for 2016.

The ITP group, jointly held by Sener Aeronáutica (53.125%) and Rolls-Royce (46.875%), includes among its activities such areas as Design, Research & Development, Manufacturing and Casting, as well as the Assembly and Testing of aeronautical engines and gas turbines. It is also an official maintenance service provider for the majority of the world’s currently active engine manufacturers. The ITP Group has 18 production centres in Spain, Great Britain, Malta, the USA, India and Mexico, and a staff of 3000 workers.