NEW YORK, July  22, 2026  (GLOBE NEWSWIRE) -- FTAI Aviation Ltd. (NASDAQ:FTAI) (&#34;FTAI&#34; or the &#34;Company&#34;) today announced that J&amp;F Power Systems LLC (&#34;J&amp;F&#34;), FTAI&#39;s joint venture with

FTAI

FTAI Announces $1.465 Billion Gas Turbine Generator Set Order Through J&F Power Systems

FTAI JV Wins $1.465B Master Order, Backlog Boost Through 2027

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>NEW YORK, July  22, 2026  (GLOBE NEWSWIRE) -- FTAI Aviation Ltd. (NASDAQ:FTAI) (&amp;#34;FTAI&amp;#34; or the &amp;#34;Company&amp;#34;) today announced that J&amp;amp;F Power Systems LLC (&amp;#34;J&amp;amp;F&amp;#34;), FTAI&amp;#39;s joint venture with</p>
  </section>

  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>FTAI Aviation announced that its JV, JF Power Systems, signed a master gas turbine generator set supply agreement with a leading cloud service provider, anchored by an initial $1.465 billion purchase order. The five-year framework envisions deliveries through November 2027 with milestone-based payments and a performance-adjustment mechanism. This creates meaningful revenue visibility and potential upside from additional orders if performance targets are met.</p>
  </section>

  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>FTAI Power JV JF signs a master $1.465B gas turbine order with a cloud provider.</li><li>Deliveries run through 11/2027; milestone payments and a 5-year framework.</li><li>Order backs 2027 Mod-1 CFM56 unit deliveries and potential future POs.</li><li>Forward-looking statements caution; execution risk and performance adjustments exist.</li></ul>
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  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>FTAI Aviation Ltd. (FTAI)</strong>: Announced the master agreement and $1.465B initial PO; immediate uplift to backlog and revenue visibility.</li><li><strong>JF Power Systems LLC (N/A)</strong>: JV between FTAI and Jereh Group; will supply Mod-1 mobile gas turbine generator sets.</li><li><strong>Jereh Group (N/A)</strong>: JV partner; enables packaging and distribution of Mod-1 units.</li><li><strong>Leading international cloud service provider (N/A)</strong>: Customer; external disclosure of name not provided; key revenue driver if project scales.</li></ul>
  </section>

  <section data-block="category">
    <h3>Corporate Developments</h3>
    <p>Category: Corporate Developments. The news reflects a material contract and strategic JV momentum that enhances FTAI&#039;s revenue visibility and backlog, a key valuation driver for its aviation power segment.</p>
  </section>

  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>New $1.465B order expands FTAI Power’s backlog and revenue visibility.</li><li>Deliveries scheduled through November 2027; milestone payments front-load cash flow.</li><li>five-year Master Agreement implies optionality for additional POs.</li></ul>
  </section>

  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>Date: July 22, 2026.</li><li>FTAI Aviation Ltd. (FTAI) announced JF Power Systems LLC (JV with Jereh Group).</li><li>Master gas turbine generator set supply agreement with a leading international cloud service provider.</li><li>Initial Purchase Order value: $1.465 billion.</li><li>Deliveries to be made in batches through November 2027; five-year term.</li><li>Payments on milestone basis; advance at signing; progress payments through testing and commissioning.</li><li>Performance adjustment mechanism with downward cap of 10% of equipment value for lower output.</li><li>Targeted 2027 Mod-1 CFM56 aeroderivative unit deliveries.</li></ul>
  </section>

  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>Bullish for FTAI over the next 12–18 months on heightened backlog and potential follow-on orders.</p>
  </section>
</section>


<link type="text/css" rel="stylesheet" href="https://www.globenewswire.com/styles/gnw_nitf.css"></link><p>NEW YORK, July  22, 2026  (GLOBE NEWSWIRE) -- FTAI Aviation Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/FTAI">FTAI</a>) (&#34;FTAI&#34; or the &#34;Company&#34;) today announced that J&amp;F Power Systems LLC (&#34;J&amp;F&#34;), FTAI&#39;s joint venture with Jereh Group for packaging and distribution of its Mod-1 aeroderivative gas turbine, has entered into a master gas turbine generator set supply agreement (the &#34;Master Agreement&#34;) with a leading international cloud service provider (the &#34;Customer&#34;) and signed an initial purchase order under the Master Agreement valued at $1.465 billion (the &#34;Order&#34;). This Order will account for a substantial number of FTAI Power’s targeted 2027 Mod-1 CFM56 aeroderivative unit deliveries.</p>  <p>Under the terms of the Order, J&amp;F will supply Mod-1 mobile gas turbine generator sets supporting the Customer&#39;s power infrastructure buildout, with equipment to be delivered in batches through November 2027. The five-year Master Agreement allows the Customer to issue additional purchase orders to expand the relationship. Payments will be made on a milestone basis, beginning with an advance payment at signing and followed by progress payments through production, testing and completion of on-site commissioning. Final settlement amounts are subject to a performance adjustment mechanism, providing upward adjustments for equipment exceeding performance standards and downward adjustments, capped at 10% of the corresponding equipment&#39;s value for lower power output.</p>  <p><strong>Cautionary Note Regarding Forward-Looking Statements</strong></p>  <p>Certain statements in this press release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, FTAI Power’s targeted 2027 Mod-1 CFM56 aeroderivative unit deliveries and timing of such deliveries, and expectations regarding J&amp;F’s performance and ability to supply gas turbine generator sets. These statements are based on management&#39;s current expectations and beliefs and are subject to a number of trends and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements, many of which are beyond the Company’s control. The Company can give no assurance that its expectations will be attained and such differences may be material. Accordingly, you should not place undue reliance on any forward-looking statements contained in this press release. For a discussion of some of the risks and important factors that could affect such forward-looking statements, see the sections entitled "Risk Factors" and "Management’s Discussion and Analysis of Financial Condition and Results of Operations" in the Company’s most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q, which are available on the Company’s website (www.ftaiaviation.com). In addition, new risks and uncertainties emerge from time to time, and it is not possible for the Company to predict or assess the impact of every factor that may cause its actual results to differ from those contained in any forward-looking statements. Such forward-looking statements speak only as of the date of this press release. The Company expressly disclaims any obligation to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company&#39;s expectations with regard thereto or change in events, conditions, or circumstances on which any statement is based. This release shall not constitute an offer to sell or the solicitation of an offer to buy any securities. Nothing on the Company’s website is included or incorporated by reference herein.</p>  <p><strong>About FTAI</strong><br></br><br></br>FTAI combines advanced turbine technology and asset ownership to power the world’s most essential markets. Additional information is available at <a href="https://www.globenewswire.com/Tracker?data=NQHrAJ21o6677nR6prBSqUm58beoNsvv-UgjTLSn7ep94R8Nsdet1jmKMj1iEV009Yr6n-X7L5TwXQYdo5Vdey4ipfOIGQ-u7f-a-i_3fMBtaPb7BtmbhaHFi_trgYaHeOxIRIUipARcK5e2vsRiz8O72rlxwLs6qXPxTg__3DXscvfYl58cGVnr2sC8wiFI9ISH1LL1Kk7ZUnmn4tfrg-QsocmiAnuThet1I17Przv9M1m4VxBhUIwGkt4qeQH3vmUmS0ZIzSSPPvbl67Yzg3qF-BBtRmSkkWWWENYjg49AVkiugz9ddE3q4M5GuviSreeAqkhb6Bf4kDioLBRtkoSf1iiNVgqte2yoZymr9F_hy4cHVdiVSLwErj1kTj-NdcAhhifS6k9XbO_WrF5My0pqW_5mybl9D3lC_x3WMkdP3NODbHPCFC01eacmieTbBs9v-UMqu99BDCCyiIQAOCXa-vBQGzfdfaJfYz68IBObUeSZV_TkvqlB7gmmvCaQSuBvD1HdtCuUyx28YD12LupIdvj67hw2l1khyjtUJeHIKtak2u--9DO3OTYL3FuiSDR_fYvPfYee9AdSk6gbLNNlQcs9H--6KGk2_JUg6HA0HAKf4_cmQA7Tl8NDIgb1PMnW_WL05t9SpgkVG5z9cLtrCmShK3_MkGT2bxsiOxdHm1do8AolVS8Ji5poQhYCqLsvzRsavh5_zwT1lcRVLzdLVwBqoaToW5IsuatdLNBkQpHkOP6vx7Zd7rWIw33S03OoXN9jNBaAdjTEL9FhOCwyzwGO2MtGyZ1TGtuqBGm1mfyNdfxEibZ9q0Uxp_UrzoNzRv6wh4XCXcvkkkpUR2-DNqf_xHKNCMtvE0AjHjr50MSI9OKc5CjH5WJdFpx9tmbNs8bIQV_ZanuTHCW7lFwtCHBwKON7wnuT6lfNy7Iils_WVfLpXbBRkYBy_lyHmnPBfuO-iS0tyI-1zgn500RF_7dsHvNExv2MXRHbaRg=" rel="nofollow" target="_blank">https://www.ftaiaviation.com</a>.</p>  <p><strong>FTAI Contact:</strong><br></br>Alan Andreini<br></br>Investor Relations<br></br>FTAI Aviation Ltd.<br></br>(646) 734-9414<br></br><a href="https://www.globenewswire.com/Tracker?data=VgzpXk5aD6t-TdkCxdmMeB-9n2xOezvBaXweoZS64yKd_eGHmERjl4zRxISEUXVIKn_W5MzWUYpZCI_RuR8p1Kg22G0oa-OEXPK4sCjNAxIS1ysEilQn03CHBPt0f5ze" rel="nofollow" target="_blank">aandreini@ftaiaviation.com</a></p>  <p>Tim Lynch / Kelly Sullivan<br></br>Joele Frank, Wilkinson Brimmer Katcher<br></br>(212) 355-4449</p> <img alt="" class="__GNW8366DE3E__IMG" src="https://www.globenewswire.com/newsroom/ti?nf=OTc2NjMxOCM3NzE3OTQzIzIwMTczMDE="></img> <br></br><img alt="" src="https://ml.globenewswire.com/media/MThlZWQzMGMtNTBiMC00YTNjLTliNGMtZjhhZmIxMzc1YTUwLTEwMjg4NzQtMjAyNi0wNy0yMi1lbg==/tiny/FTAI-Aviation-Ltd-.png" referrerpolicy="no-referrer-when-downgrade"></img><p><a href="https://www.globenewswire.com/NewsRoom/AttachmentNg/1175954b-a2cb-4f90-840b-87999d0ba290"><img src="https://ml.globenewswire.com/media/1175954b-a2cb-4f90-840b-87999d0ba290/small/ftai-aviation-logo-png.png" border="0" width="150" height="55" alt="Primary Logo"></img></a></p>

FTAI Aviation announced that its JV, JF Power Systems, signed a master gas turbine generator set supply agreement with a leading cloud service provider, anchored by an initial $1.465 billion purchase order. The five-year framework envisions deliveries through November 2027 with milestone-based payments and a performance-adjustment mechanism. This creates meaningful revenue visibility and potential upside from additional orders if performance targets are met.

News insight

FTAI Announces $1.465 Billion Gas Turbine Generator Set Order Through J&F Power Systems

AI summary

Sentiment rationale

Key facts

Corporate Developments