Lockheed agrees to help maintain UAE airforce

Abu Dhabi government-owned Mubadala Development Company agreed on Tuesday with Lockheed Martin Corp. to set up a company to help maintain the UAE's air force, a Mubadala executive said.

The joint-venture company would maintain the UAE military's 82 Block 60 F-16's and could also service other military aircraft, Waleed al-Mokarrab al-Muhairi, Mubadala chief operating officer, said by telephone from the Paris air show, where the agreement was signed.

"We think it's more efficient to outsource in this way," he said. "We will get high availability and reliability numbers and it will be cost-effective."

He said the company, which would be based in the UAE capital of Abu Dhabi, could begin operating in about a year. The cost and structure of the joint venture had not yet been determined, he said.

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