# 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.

- Type: Acquisition
- Announced: 2024-05-30
- Where: Montreal, Quebec, Canada
- Value: $170.0M
- Status: announced
- Capacity: 900 CFM56 modules per year
- Products: CFM56 engine maintenance, module manufacturing
- Sectors: [Aerospace Components](https://endata.com/sectors/aerospace-components.md)

## Companies

- [Lockheed Martin](https://endata.com/companies/6612.md) (target)
- [Lockheed Martin Canada](https://endata.com/companies/37196.md) (partner)
- [Lockheed Martin Canada](https://endata.com/companies/37196.md) (target)
- [FTAI Aviation](https://endata.com/companies/67688.md) (acquirer)
- [Lockheed Martin Commercial Engine Solutions](https://endata.com/companies/77736.md) (target)

## Sources

- [nasdaq.com](https://www.nasdaq.com/press-release/ftai-aviation-agrees-purchase-lockheed-martin-commercial-engines-solutions-2024-05-30), 2024-05-30: "Acquiring Lockheed Martin Commercial Engine Solutions represents a significant milestone for FTAI as we expand our MRE offerings."
- [markets.ft.com](https://markets.ft.com/data/announce/detail?dockey=1330-9145762en-08T0PF5UHD172NFKDKDK9IM3G6), 2024-05-30: "FTAI Aviation Ltd. announces entry into an agreement to purchase Lockheed Martin Commercial Engine Solutions from Lockheed Martin Canada for a purchase price of $170 million."
- [globenewswire.com](https://www.globenewswire.com/news-release/2024/05/30/2890774/0/en/ftai-aviation-agrees-to-purchase-lockheed-martin-commercial-engines-solutions.html), 2024-05-30: "Acquiring Lockheed Martin Commercial Engine Solutions represents a significant milestone for FTAI as we expand our MRE offerings."
- [ir.ftaiaviation.com](https://ir.ftaiaviation.com/news-releases/news-release-details/ftai-aviation-agrees-purchase-lockheed-martin-commercial-engines), 2024-05-30: "Acquiring Lockheed Martin Commercial Engine Solutions represents a significant milestone for FTAI as we expand our MRE offerings."
- [avitrader.com](https://avitrader.com/2024/06/04/ftai-aviation-to-acquire-lockheed-martin-engine-solutions/), 2024-06-04: "Acquiring Lockheed Martin Commercial Engine Solutions represents a significant milestone for FTAI as we expand our MRE offerings."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.