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Mon 18 Feb 2019 06:24 PM

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Raytheon wins $1.5bn deal for UAE missile launching system

Agreement with US defence firm is signed on the second day of the IDEX military exhibition in Abu Dhabi

Raytheon wins $1.5bn deal for UAE missile launching system

The UAE on Monday awarded US-based defence firm Raytheon a AED5.7 billion ($1.55 billion) contract to supply its air force with platform systems to launch missiles.

The agreement was signed at the IDEX military exhibition in Abu Dhabi and followed the award on Sunday of a AED1.3 billion contract to Raytheon to supply the UAE with patriot missiles.

An AED1 billion contract was also signed with the Austrian company Sawi Electronic for the rehabilitation and upgrading of mines for the UAE Army.

According to state news agency WAM, the UAE armed forces signed a total of AED7.2 billion in contracts on Monday, including AED5.8 billion with international companies.

The UAE has signed a total of AED12 billion dirhams in contracts since the IDEX exhibition started on Sunday.

Speaking at a press conference on day two, Brigadier Mohammed Al Hassani, official spokesperson of IDEX 2019, and Commodore Fahad Nasser Saif Al Thehli, official spokesperson of NAVDEX 2019, announced 24 deals.

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