# FTAI Aviation completes acquisition of Lockheed Martin Commercial Engine Solutions

FTAI Aviation Ltd. completed its acquisition of Lockheed Martin's Commercial Engine Solutions business at the Montréal airport for US$170 million. The acquisition enhances FTAI's Maintenance, Repair, and Exchange business and creates engine and module manufacturing capabilities in Canada.

- Type: Acquisition
- Announced: 2024-09-09
- Where: Montréal airport, Canada
- Value: $170.0M
- Status: completed
- Products: engine modules, piece-part repairs
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Lockheed Martin](https://endata.com/companies/6612.md) (target)
- [FTAI Aviation](https://endata.com/companies/67688.md) (acquirer)

## Sources

- [canadianlawyermag.com](https://www.canadianlawyermag.com/cl-plus/deals/1785), 2024-09-09: "The acquisition further enhances FTAI’s Maintenance, Repair, and Exchange (MRE) business, and creates permanent engine and module manufacturing capabilities in Canada."

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