FTAI Aviation to acquire Lockheed Martin Commercial Engine Solutions from Lockheed Martin Canada for $170m.

FTAI Aviation, an aviation company, agreed to acquire Lockheed Martin Commercial Engine Solutions, an aerospace company, from Lockheed Martin Canada, an aerospace and defence contractor, for $170m. “Acquiring Lockheed Martin Commercial Engine Solutions represents a significant milestone for FTAI as we expand our MRE offerings. We know the facility well and greatly value the team’s technical expertise and commitment to quality. We are excited to grow the shop’s piece-part repair capabilities and continue delivering modules and engines to the aftermarket from a world class facility in Montréal,” Joe Adams, FTAI Aviation CEO.