CTS Engines, a leading, independent jet engine Maintenance, Repair, and Overhaul (“MRO”) facility, announced the implementation of a $25m capital expansion program. The investment, which will be provided by parent company Neff Capital Management LLC, is expected to greatly increase both the size and scope of the company’s on-site MRO capabilities over the coming year.
The capital expansion program includes the opening of a second, 60,000 square foot facility co-located in Ft. Lauderdale, the acquisition of additional tooling and machinery, including a high-speed blade tip grinder and a vertical machine center, and the building of two high thrust engine test cells in Palm Beach County, Florida. Additional capital has been allocated for the purchase of dedicated spares to support the company’s base MRO business.
