The CFAA was created in 2015, when a cluster of companies and the University of the Basque Country signed an agreement to create a mutually-benefitting centre; the purpose of this centre is to develop technology that is expeditiously applicable to key processes of the engine component and aeronautic propulsion system sectors.

This initiative was also promoted and sponsored by the Regional Government of Biscay and the Department of Industry of the Basque Government. Both institutions also believed that participation in the launch of this project would be in the best interest of the Biscay Technology Park.

The centre is currently a part of the university, and its activities are carried out with mixed funding from a programme contract with partner companies and projects funded by different calls.

There are two governing bodies: