DealsJul 22, 2026, 08:38 AM
FTAI Aviation JV Secures $1.465B Order for Gas Turbines
AI Summary
FTAI Aviation Ltd. announced that its joint venture, J&F Power Systems LLC, has entered into a master gas turbine generator set supply agreement with a leading international cloud service provider. Under this agreement, J&F signed an initial purchase order valued at $1.465 billion for Mod-1 mobile gas turbine generator sets. These units will support the customer's power infrastructure buildout, with deliveries expected in batches through November 2027. The five-year Master Agreement allows for future additional purchase orders.
Key Highlights
- FTAI's joint venture, J&F Power Systems, secured a master supply agreement.
- Initial purchase order under the agreement is valued at $1.465 billion.
- The order is for Mod-1 mobile gas turbine generator sets.
- Customer is a leading international cloud service provider.
- Deliveries are scheduled in batches through November 2027.
- The Master Agreement is for five years, allowing for additional orders.
- Payments will be made on a milestone basis, starting with an advance payment.
- Final settlement amounts are subject to a performance adjustment mechanism.
Price Impact
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