Mubadala JV wins UAE army contract
Abu Dhabi, November 14, 2011
Abu Dhabi-based Advanced Military Maintenance, Repair and Overhaul Center (AMMROC) said it has won a Dh1.15 billion ($313 million) maintenance service contract from the UAE Armed Forces.
AMMROC is joint venture between Mubadala Aerospace, Sikorsky Aircraft Corporation and Lockheed Martin.
As per the deal, the company will provide maintenance services for fixed and rotary aircraft for the general headquarters of the UAE Armed Forces.
This renewable agreement is for an initial period of 2 years, after which the GHQ anticipates entering into a Performance Based Logistics (PBL) arrangement with AMMROC – a paradigm shift for supplying military aviation Maintenance, Repair and Overhaul (MRO) services in the UAE – facilitating efficiency improvements in delivering such services.
This agreement will enable the UAE Armed Forces to remain focussed on the operation of their aircraft, while AMMROC will provide maintenance and repair services, streamlining various processes and optimizing manpower for the UAE Armed Forces.
This also reinforces AMMROC’s vision to operate a world class facility providing a self-sustaining, and commercially viable platform for the UAE Armed Forces.
CEO Fahed Al Shamesi said: “Being selected as the maintenance service provider by the GHQ is a significant milestone for AMMROC, demonstrating the outstanding progress that has been made by the company in a very short space of time.'
'It illustrates the level of trust that we have built with our most important customer and the ongoing commitment from our shareholders to build this capability for the benefit of the UAE,' he added.-TradeArabia News Service