An integrated reverse engineering methodology is proposed for a large-scale fully operational steam turbine rotor, considering issues that include developing the CAD and FE model of the structure, as well as the applicability of model updating techniques based on experimental modal analysis procedures. First, using an integrated reverse engineering strategy, the digital shape of the three sections of a steam turbine rotor was designed and the final parametric CAD model was developed. The finite element model of the turbine was developed using tetrahedral solid elements resulting in fifty-five million DOFs. Imposing impulsive loading in a free-free state, measured acceleration time histories were used to obtain the dynamic responses and identify the modal characteristics of each section of the complete steam turbine. Experimentally identified modal modes and modal frequencies compared to the FE model predicted ones constitute the actual measure of fit. CMA-ES optimization algorithm is then implemented in order to finely tune material parameters, such as modulus of elasticity and density, in order to best match experimental and numerical data. Comparing numerical and experimental results verified the reliability and accuracy of the applied methodology. The identified finite element model is representative of the initial structural condition of the turbine and is used to develop a simplified finite element model, which then used for the turbine rotordynamic analysis. Accumulated knowledge of the dynamic behavior of the specific steam turbine system, could be implemented in order to evaluate stability or instability states, fatigue growth in the turbine blades, changes in the damping of the bearing system and perform necessary scheduled optimal and cost-effective maintenance strategies. Additionally, upon a series of scheduled experimental data collection, a permanent output-only vibration SHM system could be installed and even a proper dynamic balancing could be investigated and designed.