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Friday, January 21, 2011

Lockheed Martin becomes shareholder of Ammroc

Lockheed Martin becomes shareholder of Abu Dhabi-based Advanced Military Maintenance, Repair and Overhaul Center

Abu Dhabi: Advanced Military Maintenance, Repair and Overhaul Center (Ammroc) on Sunday announced the closing of a transaction where Lockheed Martin acquired an equity stake in Ammroc.

The company joins shareholders Sikorsky Aerospace Services, which owns an equivalent share, and Abu Dhabi Aircraft Technologies (ADAT), the principal shareholder.

The addition of Lockheed Martin brings significant aerospace sustainment and service capabilities allowing Ammroc to further expand its service offerings in the fixed-wing market segment.

Linking this new expertise to Ammroc's developing capability in the rotary-wing segment allows Ammroc to become a leading global provider of military aviation maintenance, repair and overhaul (MRO) services to the UAE Armed Forces and other military operators both globally and regionally.

With the combined strength of the partners and an aggregate investment that exceeds $800 million, Ammroc draws on decades of experience and expertise in aerospace engineering, material support, logistics, maintenance, component repair, overhaul and training, to deliver a fully integrated MRO support program by a single provider.

Ammroc will provide innovative platform solutions for all fixed- and rotary-wing aircraft operated by the UAE Armed Forces, to ensure guaranteed aircraft readiness, deployability, improved safety and self reliance, thus enabling operational, humanitarian and peace keeping missions.

Homaid Al Shemmari, Chairman of ADAT and Ammroc commented: "As with our partnership with Sikorsky, Lockheed's decision to acquire an equity interest in Ammroc is an important component of our plans to create a world class facility that provides a self- sustaining, and commercially viable platform for the UAE Armed Forces and regional military customers."

David Adler, President of Sikorsky Aerospace Services commented: "We believe Ammroc will bring tremendous opportunities to both our companies and expanded service capability to the UAE's Armed Forces, the Emirate of Abu Dhabi and eventually to the South Asia, Middle East and North Africa region."

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