UAE - Mubasher: Edge Group has entered into a Memorandum of Understanding (MoU) with the US-based Lockheed Martin, a global technology leader, to identify industrial partnership opportunities across the UAE's aerospace and defence sector.
Under the agreement, Edge, the UAE's advanced technology group for defence and beyond, and Lockheed Martin will establish joint working groups to explore industrialisation and knowledge transfer programmes, according to a press release on Tuesday.
Meanwhile, both firms will review projects related to in-country capability-building, innovative and emerging technologies, as well as the expansion of human capital development initiatives.
The President – Mission Support at Edge, Khalid Al Breiki, said: "Signing this agreement represents a long-term strategic partnership for EDGE and Lockheed Martin and opens the door for both parties to pursue industrial and economic development across the UAE’s Aerospace & Defence sector."
Meanwhile, the Vice President of Finance, Contracts, Industrial Development at Lockheed Martin, Raymond Piselli, commented: "As a trusted partner to the UAE for over 40 years, Lockheed Martin remains committed to developing in-country capabilities and supporting the nation’s human capital development agenda."