In February 2005, Composite Technology Research Malaysia Sdn. Bhd. (CTRM) announced that its subsidiary, CTRM Aero – Composites Sdn. Bhd. had won a contract worth over RM120 million to supply five high-tech component parts to Goodrich Aerostructures Group for the International Aero Engines (IAE) V2500 aero engine, which has a leading market share for the Airbus A320 family of aircraft.

Rolls-Royce is a principal shareholder of IAE, the other shareholders being Pratt & Whitney, Japanese Aero Engines Corporation and MTU Aero Engines. Being the first local Malaysian company selected to supply component parts for the V2500, this marks an important milestone for CTRM and is a sign of development of the aerospace industry in Malaysia.

The V2500 engine has set new standards for clean, quiet, efficient operation and has captured an average market share of 56 per cent of the Airbus A320 family in the past eight years, with a 64 per cent share of the low cost carrier market.

The worldwide fleet of more than 2,300 V2500 engines, powering Airbus and Boeing aircraft operated by more than 100 customers, has accumulated over 33 million flying hours.