The Spanish Air Force has signed a framework agreement with Industria de Turbo Propulsores (ITP), for the maintenance of aircraft engines and components to the end of 2013.
Under the €120m ($162m) contract, ITP will conduct engine repairs on the Spanish Air Force’s combat aircraft, training, transport and helicopters in its facilities.
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During the maintenance work, ITP will use advanced indigenously developed technologies in maintenance and repair of high-value components, to reduce the operating costs of aircraft.
ITP CEO Ignacio Mataix said the agreement represented a milestone development for the collaboration between the Spanish aeronautics industry and the air force.
“We believe that this is a path which must clearly favour the competitiveness of the Spanish aeronautics industry along with the operational capacity of the air force,” he said.
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By GlobalData
