Thenationalnews : Idex 2021 – UAE Armed Forces sign military deals worth $1.37bn on day one

Abu Dhabi, United Arab Emirates, February 21, 2021. Idex 2021. Social distancing is a must on day 1 of IDEX. Victor Besa / The National Section: NA/Stock Images

A total of 19 contracts were awarded, including seven to foreign companies

The UAE Armed Forces awarded contracts worth Dh5.03 billion ($1.37bn) on the first day of the International Defence Exhibition and Conference, with the lion’s share going to local companies.

The Armed Forces, which signed a total of 19 contracts, signed seven deals worth Dh1.1bn with international companies, while local companies won contracts worth Dh3.9bn, Staff Brig Gen Mohammed Al Hassani, official spokesman for Idex and Navdex, said on Sunday.

Among the local companies that won contracts was Calidus, which clinched deals valued at Dh1.69bn. Military vehicle manufacturer Nimr was awarded a Dh230 million deal and Ammroc secured a Dh176m contract.

Other UAE-based companies that secured deals included International Golden Group and the Al Masaood company.

US-based Insitu, a Boeing company, won a contract worth Dh405m for the supply of unmanned vehicles. German defence company Rheinmetall won a Dh57.42m deal and France’s Thales clinched a Dh350.6m contract. READ MORE