UAE army signs deals worth $221m

Both international and local arms firms have signed deals with the UAE at IDEX 2007.
UAE army signs deals worth $221m
By WAM
Mon 19 Feb 2007 07:23 PM

The UAE Armed Forces announced on Monday that it has signed deals with worth AED775 million with local and international companies participating at IDEX 2007.

Speaking at a news conference, Major General Obaid Al Qitbi, Chief of Logistics at the UAE Armed Forces, said that the Armed Forces had signed a deal worth AED127 million with an Abu Dhabi-based company - the Abu Dhabi Shipping Building Company (ADSBC) - to purchase 12 fast patrol boats.

"We have also singed a memorandum of understanding with EADS to purchase three air tankers," said Al Qitbi, who is also IDEX Official Spokesman.

Caracal, a local UAE company specialising in defence products, also won a AED18 million deal to supply the Armed Forces with a total of 10,000 pistols. Another local company to have won a UAE contract was the International Golden Group, which clinched an AED390 million deal to supply 120mm mortars.

Al Qitbi also told reporters that the army was in talks with Harris of the United States to purchase telecommunication equipment worth AED240 million.

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