FTAI Aviation agrees to buy Lockheed Martin Commercial Engine Solutions for $170M

FTAI Aviation Ltd. announced an agreement to purchase Lockheed Martin Commercial Engine Solutions from Lockheed Martin Canada for $170 million. The acquisition, expected to close in the second half of 2024, includes a 526,000-square-foot aircraft engine maintenance facility in Montreal, Quebec.

“Acquiring Lockheed Martin Commercial Engine Solutions represents a significant milestone for FTAI as we expand our MRE offerings.”nasdaq.com

• 5 sources
• nasdaq.comFTAI Aviation Agrees to Purchase Lockheed Martin Commercial Engines Solutions | NasdaqMay 30, 2024
• markets.ft.comFTAI Aviation Agrees to Purchase Lockheed Martin Commercial Engines Solutions – Company Announcement - FT.comMay 30, 2024
• globenewswire.comFTAI Aviation Agrees to Purchase Lockheed Martin CommercialFTAI Aviation Ltd.May 30, 2024
• ir.ftaiaviation.comFTAI Aviation Agrees to Purchase Lockheed Martin Commercial Engines Solutions | FTAI AviationMay 30, 2024
• avitrader.comFTAI Aviation to acquire Lockheed Martin Engine SolutionsJun 4, 2024

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