CTS Engines signs long-term test agreement with OEM

CTS Engines, a leading independent engine MRO in the U.S., signed an agreement with a major jet engine original equipment manufacturer (“OEM”) to provide test capacity for the development testing of its engines. The $13m, four-year deal is expected to commence in January 2014 and has options for additional years. Tests will take place at CTS Engines’s Bee Line Highway test facility, located in Jupiter, Florida, which is expected to be opened in mid-2013. The new contract is expected to bring approximately 20 new technical and support jobs to Palm Beach County.