March 6, 2021

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UAE armed forces announce $1.6 bln in defense deals

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United Arab Armed forces announced on Tuesday 5.9 billion dirhams ($1.61 billion) in defense equipment and services contracts signed with local and international companies.For the latest headlines,

United Arab Armed forces announced on Tuesday 5.9 billion dirhams ($1.61 billion) in defense equipment and services contracts signed with local and international companies.

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The single largest contract was a 2.96 billion dirham deal with UAE’s Yas Holding to supply the armed forces with missiles, said spokesman Naval Staff Colonel Fahed Nasser al-Thehli at Abu Dhabi’s IDEX defense exhibition.

Boeing was awarded a 112 million dirham contract for a C-17 transport aircraft simulator. A 66.4 million dirham contract was signed with France’s Thales and a 40.7 million dirham deal with Germany’s Rheinmettal was also announced.

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Saudi Arabian defense firm SAMI aims for $5 bln annual revenue by 2030

UAE weapons show draws major deals and traders amid pandemic

US will continue to dissuade countries from selling arms to Iran

Source: News https://english.alarabiya.net/News/gulf/2021/02/23/UAE-armed-forces-announce-1-6-bln-in-defense-deals

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