FTAI Aviation Purchases Lockheed Martin Commercial Engines Solutions For $170M
Portfolio Pulse from Benzinga Newsdesk
FTAI Aviation has acquired Lockheed Martin's Commercial Engines Solutions for $170 million. This acquisition is expected to enhance FTAI's capabilities in the aviation sector.
May 30, 2024 | 12:31 pm
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NEUTRAL IMPACT
Lockheed Martin has sold its Commercial Engines Solutions to FTAI Aviation for $170 million.
The sale of Commercial Engines Solutions is a strategic move for Lockheed Martin, but it is not expected to have a significant short-term impact on its stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
FTAI Aviation's acquisition of Lockheed Martin's Commercial Engines Solutions for $170 million is expected to enhance its capabilities in the aviation sector.
The acquisition will likely strengthen FTAI's position in the aviation market, potentially leading to increased revenues and market share.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100