Investment Will Enhance Company’s On-Site Repair Capabilities

Independent jet engine Maintenance, Repair, and Overhaul (MRO) facility CTS Engines plans to implement a $25 million capital expansion program at its Ft. Lauderdale facility. The investment, which will be provided by parent company Neff Capital Management LLC, is expected to greatly increase both the size and scope of the company’s on-site MRO capabilities over the coming year.

“With this investment, CTS Engines’s in-house repair capabilities will be dramatically enhanced,” said Konrad J. Walter, CTS Engines’s President & COO. “We continue to see strong demand by operators and lessors alike for a world class, full-service, independent MRO in the Western Hemisphere. These customers want quality, value, and customer service from their MRO partner, and CTS Engines fills that role.”

The capital expansion program includes the opening of a second, 60,000 square foot facility co-located in Ft. Lauderdale, the acquisition of additional tooling and machinery, including a high-speed blade tip grinder and a vertical machine center, and the building of two high thrust engine test cells in Palm Beach County, Florida. Additional capital has been allocated for the purchase of dedicated spares to support the company’s base MRO business.

FMI: www.ctsengines.com