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Mon 18 Feb 2019 08:36 AM

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UAE Armed Forces signs $1.3bn worth of deals at IDEX

UAE firms were awarded 18 of the 33 deals signed

UAE Armed Forces signs $1.3bn worth of deals at IDEX
Contracts awarded to UAE firms amounted to $300m (AED1.1bn), which included $15m (AED55.5m) deal a with Al Fattan Ship Industry to purchase naval ships for the UAE Navy.

The UAE Armed Forces awarded $1.35bn (AED4.971bn) in contracts on the first day of the International Defence Exhibition and Conference (IDEX 2019), with the 18 of the 33 deals going to national companies.

US defence contractor Raytheon was awarded a deal to buy $355m (AED1.307bn) worth of Patriot missiles for the UAE Air Force and UAE Air Defence Force, while Australian firm EOS Defence was awarded a $316m (AED1.1bn) contract to provide ground and naval systems.

Contracts awarded to UAE firms amounted to $300m (AED1.1bn), which included $15m (AED55.5m) deal a with Al Fattan Ship Industry to purchase naval ships for the UAE Navy.