Lockheed Martin Canada to acquire engine maintenance, repair and overhaul assets from Aveos

Lockheed Martin Canada, a wholly owned subsidiary of Lockheed Martin Corporation (LMT), has entered into an agreement to purchase certain assets of the engine maintenance, repair and overhaul (MRO) business of Aveos Fleet Performance, located in Montreal, Canada. Terms of the agreement were not disclosed and are not material to Lockheed Martin. The closing of the transaction is subject to customary conditions. The engine MRO assets provide capabilities to perform a complete range of services on the CF34 and CFM56 engine families, which include engines that power the regional Embraer and Canadian RJ jets and the Airbus 320 family, respectively. The facility will be named Kelly Aviation Center Montreal, a Lockheed Martin Canada company, and become part of Lockheed Martin Aeronautics’ engine MRO line of business, which includes Kelly Aviation Center, a Lockheed Martin affiliate based in San Antonio, Texas.