UAE's EDGE to buy Lockheed stake in military maintenance company - Reuters:
United Arab Emirates state defence conglomerate EDGE said on Tuesday it was taking full ownership of UAE military repair and maintenance company AMMROC by buying the 40% stake held by Lockheed Martin (LMT.N).
Abu Dhabi-based EDGE has entered into a conditional agreement to buy the stake from Lockheed Martin and its subsidiary Sikorsky, it said in a statement.
The value of the transaction was not disclosed.
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