FTAI Aviation Agrees to Purchase Lockheed Martin Commercial Engines Solutions
FTAIFTAI Aviation(FTAI) Newsfilter·2024-05-30 20:30

NEW YORK and MONTRÉAL, May 30, 2024 (GLOBE NEWSWIRE) -- FTAI Aviation Ltd. (NASDAQ:FTAI) announces entry into an agreement to purchase Lockheed Martin Commercial Engine Solutions ("LMCES") from Lockheed Martin Canada for a purchase price of $170 million. The acquisition is subject to customary regulatory approvals and is anticipated to close in the second half of 2024. LMCES is a 526,000-square-foot aircraft engine maintenance repair facility located in Montréal, Quebec, with extensive engine and piece-part ...