Beyond the Board: Empowering the Next Generation of Tech Innovators in Electronics
The Government Circuit: Trump’s Trade War Disrupts the Electronics Ecosystem
Defense Speak Interpreted: Update on the Continuing Resolution and Budget Process for Defense
Lockheed Martin, International Partners Establish U.A.E.-based Machining Technology Center
November 3, 2015 | Lockheed MartinEstimated reading time: 1 minute
Lockheed Martin (NYSE: LMT), Exechon AB, a Sweden-based technology company and Abu Dhabi-based Injaz National have formed a new joint-venture company in the United Arab Emirates focused on advanced machining technology.
The new Abu Dhabi-based joint venture, Exechon Enterprises L.L.C., will establish an engineering and manufacturing center of excellence for Parallel Kinematics Machining (PKM) in the aerospace, defense and automotive sectors, as well as other industrial areas.
Exechon Enterprises L.L.C. also will create an Application and Technology Development Center in collaboration with local industry and academia, establishing the United Arab Emirates as the leading supplier of this cutting-edge automated manufacturing technology.
”The PKM technology is positioned to meet increasing demand for flexible manufacturing of components made with advanced materials, and the new joint venture will accelerate the launch of the new portable Xmini lightweight PKM system with the capability to automate a number of currently manual manufacturing processes,” said Karl-Erik Neumann, CEO of Exechon Enterprises L.L.C. and inventor of the Tricept & Exechon PKM.
“This joint venture demonstrates Lockheed Martin’s commitment to supporting the UAE’s vision of a robust, high-tech industrial base that exports world-class products developed through long-term partnerships with local industry,” said Joe Garland, vice president of Strategy and Business Development at Lockheed Martin.
“Injaz National’s advanced industrial platform and know-how will allow Exechon Enterprises L.L.C. to establish a state of the art manufacturing facility for the Xmini that includes technology transfer to the UAE. The transaction will demonstrate that the UAE can indeed be the nurturer of innovation and expand in the areas of industrial automation and robotics in the region,” said Maher Nasser, managing director, Injaz National.
About Lockheed Martin
Headquartered in Bethesda, Maryland, Lockheed Martin is a global security and aerospace company that employs approximately 112,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. The Corporation’s net sales for 2014 were $45.6 billion.
Share on:
Suggested Items
Legislative Update – The SEMI Investment Act: Inclusive of PCB and Substrates?
05/13/2025 | I-Connect007 Editorial TeamIn response to yesterday’s news around new U.S. legislation being put forth by SEMI to support our domestic electronics supply chain–The SEMI Investment Act, or the Strengthening Essential Manufacturing and Industrial Act– I reached out to IPC’s Richard Capetto, chief lobbyist and a principal member of IPCs Global Relations and Advocacy team.
The Test Connection Inc. Appoints USM Reps as Exclusive Sales Representative in Mexico
05/13/2025 | The Test Connection Inc.The Test Connection Inc. (TTCI), a leading provider of electronic test and manufacturing solutions, is pleased to announce the appointment of USM Reps as its exclusive sales representative in Mexico.
Facing the Future: The Role of 5G and Beyond in Shaping PCB Demand
05/13/2025 | Prashant Patel -- Column: Facing the FutureInnovations that push the boundaries of connectivity shape the future of technology, processing power, and miniaturization. 5G and emerging 6G technologies are critical in transforming industries from telecommunications and healthcare to autonomous systems. This affects the printed circuit board (PCB) industry, where demand for high-performance, miniaturized, and advanced PCBs is surging. This column explores the key applications of 5G and beyond, the challenges in designing high-frequency PCBs, the effects of miniaturization, industry collaborations, and opportunities for North American companies in this space.
Industrial Robotics Market is Set to Surpass Valuation of $235.38 Billion by 2033
05/12/2025 | Globe NewswireThe global Industrial robotics market was valued at US$ 26.99 billion in 2024 and is expected to reach US$ 235.28 billion by 2033, growing at a CAGR of 27.2% over the course of forecast period, 2025–2033.
SEMI Applauds New Bill to Clarify Tax Credit Eligibility for Critical Semiconductor Suppliers Under U.S. CHIPS Act
05/12/2025 | SEMISEMI, the industry association serving the global semiconductor and electronics design and manufacturing supply chain, announced support of the Strengthening Essential Manufacturing and Industrial Investment Act (SEMI Investment Act), which clarifies that critical materials suppliers to semiconductor manufacturers are eligible for the Advanced Manufacturing Investment Tax Credit (“Section 48D”) created by the United States CHIPS and Science Act.