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.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

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.

See Also:

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.