Lockheed buys stake in UAE aircraft repair firm


ABU DHABI, United Arab Emirates: An aircraft maintenance company set up by the oil-rich Abu Dhabi government says U.S. defense contractor Lockheed Martin has taken an equity stake in the firm.

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.

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