Mubadala is a business development and investment company based in Abu Dhabi. Sikorsky Aerospace Services is a subsidiary of United Technologies Corp.
The agreement between the two parties was signed during the International Defence Exhibition and Conference 2009 in Abu Dhabi, in the presence of His Highness General Sheikh Mohammed Bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces. The new military MRO center will be set up in close collaboration with the General Head Quarters (GHQ) of UAE Armed Forces to support the entire spectrum of logistics maintenance capabilities for the UAE Armed Forces Fixed and Rotary wing platforms.
The center aims to become the military's MRO center of excellence by providing a broad scope of unique aviation capabilities from 1st line, 2nd line and depot level MRO services. The center is expected to enhance fleet readiness and meet the growing demands of the UAE Armed Forces and the regional military.
"Mubadala's strategy to help build a self sustaining and commercially viable support system for the UAE and regional military is in line with the global military trend of using sophisticated outsourced support services," said Waleed Al Mokarrab Al Muhairi, COO of Mubadala. "Our partnership with Sikorsky Aerospace Services fits our commercial strategy to evolve the Emirate of Abu Dhabi's existing aerospace industry into a global aerospace hub."
The center will work with military logistic providers in the UAE to provide a streamlined, efficient, and full system support as the UAE's military continues to advance its capability by focusing on core operations.
"The goal of the military MRO center of excellence is to be a one-stop shop for all logistics needs for the UAE Armed Forces," said David Adler, President of Sikorsky Aerospace Services. "We will leverage our sophisticated, unique capabilities to establish, operate and manage the center with our UAE partners. We are excited for the opportunity to provide world-class sustainment solutions for the UAE and the Middle East."
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Mubadala and Sikorsky Aerospace Services plan military MRO joint venture
- United Arab Emirates: Monday, February 23 - 2009 at 17:05
- PRESS RELEASE
Mubadala Development Company (Mubadala), and Sikorsky Aerospace Services today announced the signing of a Heads of Agreement (HOA), paving the way for a joint venture establishing an aviation military maintenance repair and overhaul (MRO) center in Abu Dhabi, the capital of the United Arab Emirates.
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About Mubadala Development CompanyMubadala Development Company (Mubadala) is a Public Joint Stock Company headquartered in Abu Dhabi, capital of the United Arab Emirates. Its focus is on developing and managing an extensive and economically diverse portfolio of commercial initiatives. It does this either independently or in partnership with leading international organizations. Mubadala's commercial strategy is fundamentally built on long-term capital-intensive investments that deliver strong financial returns.
The company manages a multi-billion dollar portfolio of local, regional, and international investments, projects and initiatives. Through its investment and development projects, Mubadala is both a catalyst for, and a reflection of, the drive for economic diversification of the Emirate of Abu Dhabi. Its impact is evident domestically and internationally in sectors such as energy, aerospace, real estate, healthcare, technology, infrastructure, and services.
Mubadala's sole shareholder is the Government of the Emirate of Abu Dhabi.
About Sikorsky Aerospace Services
Sikorsky Aerospace Services provides comprehensive support to rotary and fixed wing aircraft around the world. It offers its military and commercial customers a full portfolio of support services through its aftermarket companies, Derco Aerospace, Inc., Helicopter Support, Inc., Sikorsky Aerospace Maintenance, Composite Technology, Inc., and Sikorsky Helitech.
Sikorsky Aircraft Corp., based in Stratford, Conn., is a world leader in helicopter design, manufacture and service. The company's mission statement reflects its long commitment to safety and innovation: "We pioneer flight solutions that bring people home everywhere ... every time™." United Technologies Corp., based in Hartford, Conn., provides a broad range of high technology products and support services to the aerospace and building systems industries.
For further information, please contact:
Mubadala Development Company:
Hanan Harhara
Mobile +971 50 8125183
Sikorsky Aircraft Corporation:
Paul Jackson
Phone: (203) 386-7143
Posted by Medilyn Manibo, Assistant News EditorMonday, February 23 - 2009 at 17:05 UAE local time (GMT+4)
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