Publication Date:
Mon, 2011-01-17 00:18
The Persian Gulf state’s Advanced Military Maintenance,
Repair and Overhaul Center said Sunday Lockheed will own the same amount of the
company as United Technologies’ Sikorsky Aerospace Services division.
Financial details weren’t disclosed. AMMROC puts the total
investment in the project at more than $800 million.
A division of Abu Dhabi’s Mubadala investment company
created AMMROC last July in partnership with Sikorsky. It aims to create jobs
for Emirati citizens and provide aircraft maintenance to the UAE armed forces
and other regional militaries.
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