Item 8.01. Other Events.
On October 22, 2020, Fortress Transportation and Infrastructure Investors LLC
(NYSE: FTAI; the "Company") issued a joint press release announcing the
Company's agreement with Lockheed Martin (NYSE: LMT) Commercial Engine Solutions
("LMCES") to establish The Module FactoryTM, a dedicated commercial engine
maintenance center focused on modular repair and refurbishment of CFM56-7B and
CFM56-5B engines. The Module Factory will be based at LMCES' 500,000 square foot
facility in Montreal, Canada with a capacity for up to 300 shop visits per
year. The initial term of the collaboration is seven years with an option to
extend. A copy of the press release is attached hereto as Exhibit 99.1 and is
incorporated by reference into this Item 8.01.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
Exhibit
Number Description
99.1 Press release, dated October 22, 2020, issued by Fortress
Transportation and Infrastructure Investors LLC
104 Cover Page Interactive Data File - the cover page XBRL tags are
embedded within the Inline XBRL document
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