Lockheed Martin Canada Inc. is buying a Montreal aircraft engine maintenance, repair and overhaul (MRO) operation of Aveos Fleet Performance Inc., for an undisclosed price. The operation will become part of Lockheed Martin Aeronautics’ engine MRO business, and will be able to conduct “a complete range of services” on GE Aviation’s CF34 and CFM56 engine families. Those engines are installed in Airbus 320 family of jets and regional jets built by and Bombardier’s Canadian RJ brand and Embraer.
Aveos Fleet Performance operated was a maintenance, repair, and overhaul service provider of airframe, component, engine, and maintenance services with locations in Toronto, Vancouver, and Winnipeg, as well as Montreal. The company filed for creditor protection in March 2012 and is being liquidated.
According to Lockheed Martin Aeronautics exec. vice president Larry Lawson, some former Aveos employees will be retained to support the new Montreal MRO operations.
"This acquisition is consistent with our strategy of acquiring capabilities that enhance our ability to expand into attractive adjacent market opportunities," stated Marillyn Hewson, Lockheed Martin CEO and president. "We look forward to expanding our corporation's presence in Canada, and plan to begin engine MRO operations for commercial and military customers later this year."
The new outlet will be called Kelly Aviation Center Montreal, a Lockheed Martin Canada company, and operate as a unit of Lockheed Martin Aeronautics' engine MRO business. Another MRO operation is Lockheed Martin’s Kelly Aviation Center in San Antonio, Tex.
"This expansion into the commercial engine maintenance, repair, and overhaul industry is a natural progression of our strategy to grow our business," Lawson stated. "By leveraging the commercial strengths of our existing Aeronautics team at Kelly Aviation Center in San Antonio, we can build on natural synergies that exist to provide innovative MRO offerings that will benefit our customers."