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Lockheed Martin Commercial Engine Solutions and GE Aviation Sign Agreements

June 17, 2015

LE BOURGET -- Lockheed Martin Commercial Engine Solutions (LMCES) and GE Aviation signed two OnPoint solution agreements for the material to overhaul CF6 and CF34 engines. The one-year agreements are valued at $10 million (USD) over the life of the agreement.

“In addition to our performance record, LMCES has distinguished itself by tailoring specific MRO solutions to meet individual customer needs,” said Bill Brotherton, president and general manager of LMCES. “These material agreements with GE will ensure our customers have access to high-quality OEM material, when we maintain and overhaul their engine assets.”

“The agreements demonstrate LMCES recognition of the value of OEM material and their commitment to providing their customers with the highest quality service for their engines,” said Kevin McAllister, president and CEO of GE Aviation’s Services organization.

OnPoint solutions are customized service agreements tailored to the operational and financial needs of each customer for any size fleet. These agreements are designed to help lower the customers' cost of ownership and maximize the use of their assets. Backed by GE's global support network, OnPoint services may include overhaul, on wing support, new and used-serviceable parts, component repair, technology upgrades, engine leasing, integrated systems support and diagnostics and integrated systems.

About Lockheed Martin Commercial Engine Solutions

With two locations in Montreal, Canada and San Antonio, Texas, Lockheed Martin Commercial Engine Solutions is a center of excellence for commercial and military aircraft engine MRO and test, providing services for 10 different engines that power the B737, B747, B767, A300, A320, DC-10, F-15, F-16, C-130, and regional jets such as the Bombardier CRJ. LMCES also provides MRO and new build capabilities for the F110, the powerplant for F-15 and F-16 fighter jets. For more information, visit http://www.LockheedMartinEngines.com.

About GE Aviation

GE Aviation is an operating unit of GE (NYSE: GE), and a world-leading provider of jet engines, components, avionics, digital and integrated systems for commercial and military aircraft. GE Aviation has a global service network to support these offerings.