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Lockheed, Exechon, Injaz Form UAE-Based Machining Tech Development JV

Lockheed, Exechon, Injaz Form UAE-Based Machining Tech Development JV - top government contractors - best government contracting event
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manufacturingLockheed Martin and technology companies Injaz National and Exechon have created a joint venture to build and offer machining tools for the aerospace, defense and automotive industries.

Abu Dhabi-based Exechon Enterprises will be led by Karl-Erik Neumann and aims to produce automated technology for the production of advanced components, Lockheed said Monday.

The JV also plans to establish a center of excellence that will engineer and manufacture parallel kinematic machines for various industrial markets.

Joe Garland, Lockheed vice president of strategy and business development, said the company supports the high-technology industrial base through partnership with other companies.

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Written by Mary-Louise Hoffman

is a writer of news summaries about executive-level business activity in the government contracting sector. Her reports for ExecutiveBiz are focused on trends and events that drive the GovCon industry to include commercial technologies that private companies are developing for federal government use. She contributes news content to ExecutiveBiz’s sister sites GovCon Wire and ExecutiveGov.

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