Loading...

Advertisement

FTAI To Buy Lockheed Martin Commercial Engines Solutions From Lockheed Martin Canada For $170 Mln

RTTNews | 454 days ago

FTAI To Buy Lockheed Martin Commercial Engines Solutions From Lockheed Martin Canada For $170 Mln

(RTTNews) - FTAI Aviation Ltd. (FTAI) announced Thursday an agreement to purchase Lockheed Martin Commercial Engine Solutions or LMCES, from Lockheed Martin Canada Corp. 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 Montreal, Quebec, with extensive engine and piece-part repair capabilities for CFM56 engines.

FTAI, LMCES's largest customer, and LMCES established The Module Factory at the facility in 2020 to distribute CFM56 modules globally. The facility has a capacity for up to 900 CFM56 modules per year and houses three test cells on-site.

This acquisition will further enhance FTAI's Maintenance, Repair, and Exchange (MRE) business, and create permanent engine and module manufacturing capabilities in Canada.

Tags: LMT FTAI

read more

Lockheed Martin Boosts FY24 Outlook - Update

Lockheed Martin Boosts FY24 Outlook - Update

While reporting financial results for the second quarter on Tuesday, security and aerospace company Lockheed Martin Corp. (LMT) raised its earnings and net sales guidance for the full-year 2024.

RTTNews | 401 days ago

Lockheed Martin Boosts FY23 Outlook - Update

Lockheed Martin Boosts FY23 Outlook - Update

While reporting financial results for the second quarter on Tuesday, security and aerospace company Lockheed Martin Corp. (LMT) raised its earnings and net sales guidance for the full-year 2023.

RTTNews | 772 days ago

Lockheed Martin Slashes FY22 Outlook - Update

Lockheed Martin Slashes FY22 Outlook - Update

While reporting financial results for the second quarter on Tuesday, Lockheed Martin Corp. (LMT) slashed its earnings and net sales guidance for the full-year 2022.

RTTNews | 1136 days ago

U.S. Dollar Falls Amid Fed Rate Cut Speculation

U.S. Dollar Falls Amid Fed Rate Cut Speculation

The U.S. dollar weakened against other major currencies in the Asian session on Thursday, after the Fed official left the door open for an interest rate cut next month.

RTTNews | 2 minutes ago

Europe Car Sales Rebound In July

Europe Car Sales Rebound In July

Europe's new car sales rebounded in July on strong demand for battery electric and plug-in hybrid cars, the European Automobile Manufacturers' Association reported Thursday. Car registrations in the European Union advanced 7.4 percent year-on-year in July, offsetting June's 7.3 percent decrease. Data showed an annual rise of 39.1 percent for battery-electric and 14.3 percent for hybrid-electric

RTTNews | 1h 6min ago

U.S. Dollar Falls Against Majors

U.S. Dollar Falls Against Majors

The U.S. dollar weakened against other major currencies in the Asian session on Thursday.

RTTNews | 1h 28min ago

European Shares Seen Higher At Open

European Shares Seen Higher At Open

European stocks are seen opening broadly higher on Thursday even as Nvidia's disappointing sales forecast raised concerns about the AI spending boom.

RTTNews | 2h 57min ago

Sensex Nifty Decline On Tariff Worries

Sensex Nifty Decline On Tariff Worries

Indian shares opened on a sluggish note on Thursday after U.S. President Donald Trump's 50 percent tariffs on Indian goods came into effect, impacting trade worth billions of dollars and risking Washington-New Delhi ties.

RTTNews | 3h 50min ago

Terms | Privacy | Site Map | Site Map Calendar

© 2025 Myfxbook Ltd. All Rights Reserved.

HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions. Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice. Past performance is not indicative of future results.