ITP Aero is a company that operates in the aeronautical and industrial engines markets. The сompany provides technology products and services throughout the entire product life cycle and includes among its activities the design, research and development, manufacture and casting, assembly and testing of aeronautical engines and gas turbines. It also offers MRO services for a range of engines for regional airlines, business aviation, helicopters, industrial and defense applications.

Employee Rating

4.1More
TypeSubsidiary
Parent CompanyRolls-Royce
HQZamudio, ES
Founded1989
Websiteitpaero.com
Cybersecurity ratingBMore
ITP Aero was founded in 1989 and is headquartered in Zamudio, ES

Viewing summary data as a guest

Sign up for free to see all data
Discover new suppliers and conduct deeper comparison analysis with Craft for EnterpriseLearn more
Banner background

Key People/Management at ITP Aero

Carlos Alzola

Carlos Alzola

Executive Director, Chief Executive Officer
Luis Álvarez

Luis Álvarez

Chief Operations Officer
Mikel Lantero

Mikel Lantero

Executive Officer of the Civil Business Unit
Manuel González

Manuel González

Executive Director of Internal Governance & Resources
Álvaro Santodomingo

Álvaro Santodomingo

Executive Officer of the Defence Business Unit
Erlantz Cristóbal

Erlantz Cristóbal

Executive Officer of Engineering and Technology
Show more

ITP Aero Office Locations

ITP Aero has offices in Zamudio, Albacete, Alcobendas, Barakaldo and in 14 other locations
Zamudio, ES (HQ)
300 Polígono Parque Tecnológico
Albacete, ES
Poligono Aeronautico y logistico, Carretera de las Peñas CM-3203, km. 5’300
Alcobendas, ES
Calle de Francisca Delgado, 9
Barakaldo, ES
El Barracon Kalea, 1
Bilbo, ES
Parque Tecnológico, Edificio 300
Getafe, ES
Paseo John Lennon
Show all (18)

ITP Aero Financials and Metrics

Summary Metrics

Founding Date

1989
ITP Aero is a subsidiary of Rolls-Royce

ITP Aero Revenue

ITP Aero's revenue was reported to be £705 m in FY, 2020 which is a 24.7% decrease from the previous period.
Annual
GBPFY, 2018FY, 2019FY, 2020

Revenue

779.0m936.0m705.0m

Revenue growth, %

7%20%(25%)

Cost of goods sold

623.0m730.0m572.0m

Gross profit

156.0m206.0m133.0m
Half Year
GBPH1, 2019H1, 2020H1, 2021

Revenue

457.0m346.0m317.0m

Cost of goods sold

377.0m299.0m269.0m

Gross profit

80.0m47.0m48.0m

Gross profit Margin, %

18%14%15%
Annual
GBPFY, 2018FY, 2019FY, 2020

Total Assets

2.2b2.2b2.0b

Total Liabilities

1.2b1.1b1.0b

Total Equity

1.0b1.0b953.0m

Financial Leverage

2.1 x2.1 x2.1 x
Half Year
GBPH1, 2020H1, 2021

Total Assets

2.1b1.9b

Total Liabilities

1.1b958.0m

Total Equity

938.0m974.0m

Financial Leverage

2.2 x2 x
GBPFY, 2018

Revenue/Employee

561.2k

Financial Leverage

2.1 x
Show all financial metrics

ITP Aero Operating Metrics

FY, 2017FY, 2018FY, 2019Apr, 2020

Backlog

£1.1 b£900 m£900 m

Engines and Modules Serviced

575

Facilities

7

Product Categories

6
Show all operating metrics

ITP Aero Acquisitions / Subsidiaries

Company NameDateDeal Size
Aeromaritime America, Inc.
AEROMARITIME(MEDITERRANEAN) LIMITED
Industria de Tuberías Aeronáuticas México, S.A. de C.V.
INDUSTRIA DE TUBERIAS AERONAUTICAS SOCIEDAD ANONIMA
ITP AERO UK LIMITED
ITP ENGINES UK LIMITED
ITP EXTERNALS INDIA PRIVATE LIMITED
ITP EXTERNALS SLU
ITP Ingeniería y Fabricación, S.A. de C.V.
ITP México Fabricación, S.A. de C.V.
Show more

ITP Aero Revenue Breakdown

Embed Graph

ITP Aero revenue breakdown by business segment: 23.8% from Services Revenue and 76.2% from OE Revenue

ITP Aero Cybersecurity Score

Cybersecurity ratingPremium dataset

B

84/100

SecurityScorecard logo

ITP Aero Online and Social Media Presence

Embed Graph

ITP Aero News and Updates

Rolls-Royce to Sell ITP Aero Unit to Bain for $2 Billion

Rolls-Royce Surges on Report of $2 Billion ITP Unit Sale to Bain

Signed a new contract with Galaxy Aerospace (M) Sdn. Bhd.

We have signed a new contract with Galaxy Aerospace (M) Sdn. Bhd. in Malaysia! During the next 5 years, ITP Aero will exclusively carry on the #MRO maintenance for their #AW189 helicopter engine fleet. The contract includes Engine Condition Trend Monitoring #ECTM, our proprietary technology for pred…

Rolls-Royce in talks with Bain-led consortium over ITP Aero divestment

Rolls-Royce has entered exclusive negotiations over the potential divestment of its Spanish-based aerospace turbine operation ITP Aero with a consortium led by investment firm Bain Capital.

Results from a Survey With Patients With Immune Thrombocytopenia (ITP) Demonstrates Disease Burden and Impact for Patients With ITP

STOCKHOLM, Dec. 8, 2019 /PRNewswire/ -- Dova Pharmaceuticals, a wholly owned subsidiary of Swedish Orphan Biovitrum AB (publ) (Sobi™), presented results from an online survey highlighting disease burden and impact for patients with immune thrombocytopenia (ITP), at the 61st Annual Meeting...

Real-world data show Novartis drug Promacta® improves outcomes for ITP patients compared to other second-line therapies

EAST HANOVER, N.J., Dec. 2, 2018 /PRNewswire/ -- Novartis announced results of a retrospective, real-world evidence study in patients with immune thrombocytopenia (ITP) treated with Promacta® (eltrombopag), compared to other second-line therapies. The data demonstrated that patients...

Real-world data show Novartis drug Revolade® improves outcomes for ITP patients compared to other second-line therapies

Basel, December 2, 2018 - Novartis announced results of a retrospective, real-world evidence study in patients with immune thrombocytopenia (ITP) treated with Revolade® (eltrombopag), compared to other second-line therapies. The data demonstrated that patients experienced better clinical outcom…
Show more

ITP Aero Frequently Asked Questions

  • When was ITP Aero founded?

    ITP Aero was founded in 1989.

  • Who are ITP Aero key executives?

    ITP Aero's key executives are Carlos Alzola, Luis Álvarez and Mikel Lantero.

  • How many employees does ITP Aero have?

    ITP Aero has 3,800 employees.

  • What is ITP Aero revenue?

    Latest ITP Aero annual revenue is £705 m.

  • What is ITP Aero revenue per employee?

    Latest ITP Aero revenue per employee is £185.5 k.

  • Who are ITP Aero competitors?

    Competitors of ITP Aero include MTU Aero Engines, Magellan Aerospace and StandardAero.

  • Where is ITP Aero headquarters?

    ITP Aero headquarters is located at 300 Polígono Parque Tecnológico, Zamudio.

  • Where are ITP Aero offices?

    ITP Aero has offices in Zamudio, Albacete, Alcobendas, Barakaldo and in 14 other locations.

  • How many offices does ITP Aero have?

    ITP Aero has 18 offices.