AAR (NYSE: AIR) announces it has been selected by AMMROC (Advanced Military Maintenance Repair and Overhaul Center) LLC, the Abu Dhabi-based Joint Venture between Mubadala Development Company, Sikorsky and Lockheed Martin, to support in the design, outfitting and integration of key areas of AMMROC's state-of-the-art facility in Al Ain, UAE. The new facility will be one of the largest dedicated military Maintenance, Repair and Overhaul (MRO) centers in the world, and will be an anchor tenant at Nibras Al Ain Aerospace Park (Nibras), the free-zone project being jointly developed by Mubadala and Abu Dhabi Airports Company to support the establishment of a sustainable aerospace hub in Abu Dhabi.
AMMROC was formed by the coming together of Mubadala, the Abu Dhabi-based investment and development company, Sikorsky, and Lockheed Martin, to serve as a leading provider of MRO services to the UAE Armed Forces, as well as other military providers across South Asia, the Middle East and North Africa. AMMROC's new facility is being built in Al Ain, the second largest city in the Emirate of Abu Dhabi. The approximately 1.2 million-square-foot facility will support more than 40 different types of military aircraft. This major feat of accomplishment is unmatched and unsurpassed by any other similar facility in the SAMENA region.
AMMROC contracted AAR to design support areas including hangars, work areas, and machine and special processes shops for this military maintenance center. AAR has a global reputation in the aviation sector for improving operational efficiencies and turn times, as well as lowering costs through its customer-centric solutions.
"We chose AAR to support us as we develop this world-class facility because of their experience and expertise in this area," said Fahed Al Shamesi, CEO of AMMROC. "We are excited to start work on this military aviation MRO that will allow us to reduce maintenance costs, increase fleet readiness levels for our valued customers and provide high-tech employment opportunities for UAE nationals."
"This deal allows the UAE government to retain control over maintenance of their military aircraft while leveraging AAR's industry experience and best practices," said David P. Storch, CEO and Chairman of AAR CORP. "While AAR has provided customers with counsel and training in the past, this deal brings our work to the next level, and will hopefully lead to additional opportunities once the facility begins operations."
Since 1999, AAR has provided training and advisement on aircraft components, hydraulics, avionics and landing gear for government customers around the world including the U.S. Department of Defense, Poland, Greece, Turkey, Singapore, South Korea and Egypt. The AMMROC deal represents the largest military-focused MRO advisory and design services contract in AAR's history.
Date: Nov 10, 2014