UAE defence and technology company Edge signed new contracts worth $5bn (AED18.6bn) as it concluded a successful participation at IDEX 2023.
Edge launched 14 new products, including 11 breakthrough autonomous and unmanned products and solutions at IDEX 2023.
Of the AED18.6bn of contracts, AED4bn were in international export deals, and several partnerships and agreements signed with leading OEMs, defence and technology companies, and suppliers.
UAE firm signs $5bn deals
As IDEX 2023’s strategic partner, EDGE had the largest presence at the five-day event, garnering the attention of several royal delegations and dignitaries from around the world, including President Sheikh Mohamed bin Zayed Al Nahyan.
Major deals signed at the event included a landmark Є1bn export deal with the Angolan Navy to build and export a fleet of best-in-class 71 metre corvettes, and major contracts worth over AED9bn with the UAE Armed Forces for EDGE’s THUNDER and DESERT STING 25 Precision-Guided Munitions; SHADOW 25 and SHADOW 50, and HUNTER Loitering Munitions; and a contract valued at AED4bn to provide tactical communications and data-link solutions to the UAE Armed Forces.
EDGE also signed more than 20 agreements and joint ventures with several major industry players including Raytheon Emirates, ICOMM, John Cockerill, BAE Systems, Lockheed Martin, HAL, L3Harris, and Fincantieri, among others.
Also included on the EDGE stand were new companies in which the UAE firm has recently acquired major shareholdings, including autonomous solutions specialist High Lander, Milrem Robotics, Europe’s leader in the fields of robotics and autonomous systems, in which EDGE has a controlling share, and Abu Dhabi-based GRADEONE Group, which specialises in providing military hardware, equipment, pyrotechnics, ammunition, and supplies to various military, law enforcement and rescue services.
Consequently, High Lander showcased its next-generation Universal UTM solution for UAVs, while Milrem Robotics presented the THeMIS and Multiscope unmanned ground vehicles, as well as the Type-X unmanned combat vehicle.
Mansour AlMulla, Managing Director and CEO of EDGE Group, said: “The great success of IDEX 2023 is evidence of the continued innovation of the defence sector, and the huge strides EDGE has made over the last three years.
“EDGE continues to disrupt the industry, pushing the boundaries of advanced technology across multiple domains with a focus on autonomous capabilities, smart weapons, and electronic warfare – all areas in which EDGE is rapidly becoming recognised as a global leader.
“The 14 cutting-edge products we have launched this week, and the large multi-billion dollar national and international contracts and deals signed, are a clear indication that we are on the right trajectory to achieving our goals and ambitions as we bolster our sovereign capabilities and increase our global footprint through exports.”
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