FTAI Aviation (FTAI) shares surged 5.8% to close at $222.49 following the announcement of a five-year master supply agreement with a leading international cloud service provider, which includes an initial purchase order valued at $1.465 billion for Mod-1 mobile gas turbine generator sets. This agreement is part of FTAI’s strategy to repurpose CFM56 aircraft engines into gas turbines for AI data centers, enhancing long-term revenue visibility and diversifying its business beyond aviation.
The company is expected to report quarterly earnings of $1.32 per share, reflecting a year-over-year decline of 15.9%, while revenues are projected to grow by 27.1% to $859.32 million compared to the previous year. FTAI currently holds a Zacks Rank of #3 (Hold), and the consensus EPS estimate has remained unchanged over the last month.
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