UAE Armed Forces sign over Dhs7bn deals on day two of IDEX and NAVDEX 2021

SourceGulf Business
SectorDefense
CountryUAE

The UAE Armed Forces signed a total of 11 deals worth Dhs7.293bn on day two of the ongoing International Defence Exhibition (IDEX) and the Naval Defence Exhibition (NAVDEX) 2021 being held within Abu Dhabi. “Nine contracts were awarded to international companies, while two deals were finalised with companies based in the UAE,” said Staff Brigadier-General Mohammed Al Hassani, official Spokesperson of the IDEX and NAVDEX. Of these, the total amount of deals signed with international companies amounted to Dhs6.983bn, which is 95 percent of the total deal value for day two, and Dhs310m deals were agreed with UAE companies. “The most prominent deals struck today have been contracts with the Swedish company, SAAB AB, to purchase G6000 early warning aircraft for the Air Defence Command and Air Force, at a value of Dhs3.74bn, alongside agreements with the global American defence company, Raytheon to purchase Patriot GEM-T missiles for the Air Force and Air Defence Command, at a value of Dhs2.61bn,” Naval Staff...read more...