# Edge to acquire Lockheed Martin and Sikorsky's stake in AMMROC

Edge announced it will buy the 40% stake in aircraft maintenance joint venture AMMROC from Lockheed Martin and Sikorsky for USD 307 million, taking full ownership.

- Type: Acquisition
- Announced: 2020-07-21
- Where: United Arab Emirates
- Value: $307.0M
- Status: announced
- Products: aircraft maintenance, repair and overhaul services
- Sectors: [Aerospace Components](https://endata.com/sectors/aerospace-components.md)

## Companies

- [Lockheed Martin](https://endata.com/companies/6612.md) (partner)
- [Sikorsky](https://endata.com/companies/9050.md) (partner)
- [Edge](https://endata.com/companies/48770.md) (acquirer)
- [AMMROC](https://endata.com/companies/48771.md) (target)

## Sources

- [janes.com](https://www.janes.com/defence-intelligence-insights/defence-news/edge-takes-over-ammroc), 2020-07-22: "The joint venture with Lockheed Martin and Sikorsky over the past decade has significantly helped mature UAE skills and capabilities in the MRO industry, bringing it to an evolution point that today makes sense for EDGE to take on fully."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.