Complex sentence: Similar schools are offered by the United States Marine Corps and the United States Air Force: the Marine Corps'School of Advanced Warfighting (SAW), and the Air Force's School of Advanced Air and Space Studies (SAASS).
Split into simpler sentences: Similar schools are offered by the United States Marine Corps and the United States Air Force. The Marine Corps'School is the School of Advanced Warfighting (SAW), and the Air Force's school is the School of Advanced Air and Space Studies (SAASS).