UAE Armed Forces has signed 20 deals for local and foreign military equipment at IDEX 2015

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IDEX 2015 Press Release
 
Official Online Daily News
IDEX 2015
International Defence Exhibition & Conference
22 - 26 February 2015
Abu Dhabi, United Arab Emirates
 
 
 
UAE Armed Forces has signed 20 deals for local and foreign military equipment at IDEX 2015.
The UAE Armed Forces has signed 20 deals valued at Dh9.48 billion with local and foreign firms to buy drones, military vehicles, two satellites, fast patrol boats and other hardware during IDEX 2015, the International Defense Exhibition which takes place in Abu Dhabi from the 22 to 26 February 2015.
     
The UAE Armed Forces has signed 20 deals valued at Dh9.48 billion with local and foreign firms to buy drones, military vehicles, two satellites, fast patrol boats and other hardware during IDEX 2015, the International Defense Exhibition which takes place in Abu Dhabi from the 22 to 26 February 2015. Tawazun NIMR booth at IDEX 2015 International Defense Exhibition in Abu Dhabi, United Arab Emirates.
     

ADX-listed Abu Dhabi Ship Building, in which Mubadala has a 40 per cent stake, won an Dh870 million contract to provide two vessels to the UAE armed forces, according to Major General Obaid Al Ketbi, an Idex spokesman. Its shares closed 11 per cent higher in Abu Dhabi yesterday.

A Dh2.4 billion contract was awarded by the armed forces to Al Taif Technical Services to provide maintenance for ground force vehicles. Al Taif is a unit of state-owned Emirates Defence Industries Company (Edic), which was recently formed following a merger of the defence assets of Tawazun Holding, Mubadala and Emirates Advanced Industries.

A contract also went to the manufacturer Nimr Automotive, which produces 4x4 and 6x6 armoured and non-armoured vehicles. Nimr, also a unit of Edic, won a Dh1.2bn deal from the UAE armed forces for 500 Nimr vehicles “in addition to developing another 500”.

Airbus Defence and Thales Alenia have been awarded contracts to supply military satellites worth Dh3.745 billion, while Abu Dhabi Autonomous Systems has been given a contract to supply drones valued at Dh490 million.

Al Fattan Ship Building, an Abu Dhabi-based company, has won a contract to build eight patrol boats in a deal valued at Dh18.5 million, while Russian firm KBP Technical will provide anti-armor equipment for Dh22 million.