Edge to acquire 100% control of AMMROC
Abu Dhabi-based defence conglomerate Edge is to take full control of AMMROC, after agreeing a deal to buy Lockheed Martin’s 40% stake in the aerospace MRO company.
Edge did not disclose the value of the transaction when it announced the deal on 21 July. It still requires regulatory approval to proceed.
‘Going forward, we will continue to explore emerging business opportunities with Lockheed Martin and Sikorsky to further strengthen our relationship,’ said Faisal Al Bannai, chief executive and managing director of Edge.
AMMROC is the only authorised Lockheed Martin C-130 service centre in the Middle East. It also provides MRO services for the F-16 and is the depot MRO hub for comprehensive UH-60 Black Hawk helicopter components.
The full acquisition of AMMROC is part of a distinct strategy in the UAE to drive indigenous defence manufacturing capabilities and capture industrial workshare in international programmes, with Edge at the forefront of this effort.
Edge was established in November 2019 by the UAE government to develop advanced technology for weapons systems, cyber protection and EW.
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