Abu Dhabi’s Edge to acquire Lockheed Martin shares

Edge, the Abu Dhabi-based technology and defence firm, is set to acquire the remaining 40 per cent stake currently held by Lockheed Martin Corporation and Sikorsky, a Lockheed Martin Company, in Advanced Military Maintenance Repair and Overhaul Center (AMMROC).

AMMROC is the leading provider of military Maintenance, Repair, and Overhaul (MRO) services in the Middle East region.

Both Lockheed Martin and Sikorsky have been shareholders in AMMROC since its inception in 2010, helping to develop military operation skills and capabilities within the country. AMMROC will continue to have several commercial agreements with Lockheed Martin and Sikorsky.

Upon completion of the transaction, AMMROC will become wholly owned by Edge.

AMMROC will continue to pursue the aircraft aftermarket business, enabling the UAE and other regional air forces to maintain operational readiness, airworthiness, and technical ownership of various rotary- and fixed-wing aircraft and platforms.

“Lockheed Martin and Sikorsky have played a pivotal role in developing the UAE’s MRO capabilities,” said Faisal Al Bannai, CEO and managing director of Edge Group said.

“As Edge assumes full ownership of AMMROC and continues to pursue the military and civil MRO market with specialist skills, we recognise that such achievements are the outcome of our international partnerships. Going forward, we will continue to explore emerging business opportunities with Lockheed Martin and Sikorsky to further strengthen our relationship.”

AMMROC is the region’s only authorised Lockheed Martin C-130 service centre.

It also provides MRO services for F-16 and is the depot MRO hub for Black Hawk components. The facility is equipped with a dynamic whirl stand to support rotary blades and transmission testing.

It also has the region’s largest military MRO hangar capacities that comprise over 30 back-shops and a dedicated paint facility.