Dubai News Report– Deals worth over Dh20.35 billion were signed at the conclusion of five-day International Defence Exhibition (IDEX 2019) on Thursday last as the UAE government awarded 104 defence contracts to local and international companies.
Up to 43 deals worth Dh3.18 billion were signed with local and international companies on the last two days of Idex (Wednesday and Thursday), while the first three days saw the award of contracts worth more than Dh17 billion.
The biggest defence contract (Dh5.7 billion) was awarded to an American company, Raytheon. It will buy rocket launchers for the Patriot system of the UAE Air Force and Air Defence.
Another major deal – worth more than Dh2.4 billion – was awarded to UAE-based Al Jasoor Heavy Vehicle for ARMA to supply armoured vehicles to the Armed Forces. Other deals included a Dh1.3-billion contract awarded to Raytheon for patriot missiles; and a Dh1.2-billion contract signed with Australian company EOS Defence for the purchase of ground and naval systems.
Another deal worth Dh1.19 billion was awarded to American company Kaman Precision for the purchase of FMU-152 for the UAE Air Force.
Gen Mohammed Al Hassani, official spokesperson of Idex 2019, said on Thursday:
“All the contracts have been signed after a careful study by the UAE Armed Forces, and we are hopeful they will advance the nation’s force into a more competitive one.”
About 124,000 visitors were received this year and about 70 per cent of the Idex 2021 stands and pavilions have already been booked, organisers said.
The five-day defence and naval exhibitions attracted 1,310 local and international companies from defence, security, transport, communication and other fields.