Arab News, Wednesday, Feb 22, 2023 | Sha'ban 02, 1444
IDEX and NAVDEX 2023 sees $3.4bn worth of deals signed
Emirates:
Deals worth $2.2 billion were signed on the second
day of the the International Defense and Naval Defense exhibitions held in Abu
Dhabi – bringing the cumulative value of agreements across the events to $3.4
billion.
The largest of the 12 contracts signed was worth
$1.2 billion by Halcon, a subsidiary of Edge Group, to procure the Desert Sting
P5 system, in addition to a $299 million contract by Halcon to procure Hunter
systems.
ADASI, another subsidiary of Edge Group, signed a
$362 million deal to procure shadow systems. Trust International Group signed
two local deals to procure Minimi machine guns and 7.62mm machine guns worth $48
million and $5.4 million, respectively.
Edge Group is a UAE state-owned conglomeration of
25 companies to provide military weaponry and related technologies.
International contracts announced included two
with France’s Thales Six – one worth $86 million to develop and support ground
station radio and the other a $43 million agreement to procure Central
Monitoring Systems.
A $15.5 million contract was also inked with the
German company Rheinmetall to provide technical support for engagement
simulation, and a $2.9 million deal with the US company Harris International was
struck to procure telecom systems and intercom units.
The announcement was made by Tawazun Council, the
independent government entity that works closely with the Ministry of Defense,
security agencies, and Abu Dhabi Police.
The IDEX conference, first held in 1993 and now on
its 16th edition, is organized by the Abu Dhabi National Exhibitions Company and
the Ministry of Defense and will take place from Feb. 20 to 24.
ADNEC and the Ministry of Defense are also
organizing the launch of the 7th edition of the Naval Defense Exhibition which
is taking place during the same time frame.