Lockheed Martin Canada buys Aveos engine assets

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Lockheed Martin Canada will acquire certain assets of Aveos Fleet Performance's engine maintenance, repair and overhaul (MRO) business to open a new engine facility called Kelly Aviation Centre Montreal.

The aerospace company says it will hire former Aveos employees to support the new facility, which will focus on MRO capabilities for the General Electric CF34 and CFM International CFM56 engine types to power the Airbus A320 and Embraer and Bombardier regional jets.

"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," says Lockheed Martin chief executive and president Marillyn Hewson in a release.

Lockheed says it will integrate the new facility into its Lockheed Martin Aeronautics engine MRO business, which also includes San Antonio affiliate Kelly Aviation Centre.

"This expansion into the commercial engine maintenance, repair and overhaul industry is a natural progression of our strategy to grow our business," says Lockheed Martin Aeronautics executive vice president Larry Lawson in a release. "By leveraging the commercial strengths of our existing Aeronautics team at Kelly Aviation Centre in San Antonio, we can build on natural synergies that exist to provide innovative MRO offerings that will benefit our customers."

Aveos declared bankruptcy on 19 March 2012 and immediately shuttered its doors. No bidders immediately offered to restart the engine maintenance facility. Lufthansa Technik secured a contract for Air Canada's engine maintenance offered as a separate deal.

A J Walter is the only other company to re-start a segment of the Aveos business in a way that resembled its previous operation. The UK-based component specialist has purchased the engine maintenance business and plans to re-open a downsized operation in the form of A J Walter Technique within the previous Aveos facility.

A J Walter told Flightglobal in mid-December that it expected to see an audit procedure take place in 2013 that would allow it to receive an approved maintenance organisation certificate from Transport Canada.