EDGE to acquire the remaining 40% stake in AMMROC from Lockheed Martin.

EDGE Group, the Abu Dhabi based advanced technology group for defence and beyond, agreed to acquire the remaining 40% stake in AMMROC, a provider of military Maintenance, Repair, and Overhaul services in the Middle East region, from Lockheed Martin, American aerospace, defense, arms, security, and advanced technologies company. Financial terms were not disclosed. “Lockheed Martin and Sikorsky have played a pivotal role in developing the UAE’s MRO capabilities. 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," Faisal Al Bannai, EDGE CEO & Managing Director.