November 17, 2021
2 mins read

Armed forces sign Dh20bn deals

On the third day of the Dubai Airshow 2021, the Ministry of Defence announced the conclusion of 6 deals worth AED 4,257,401,000.00 with local and international companies…reports Asian Lite News

This brings the total deals concluded during the first three days to 16 deals, with a total value of AED 20, 781,446,000.00. The deals of the first day amounted to AED 5,239,207,000.00, and the deals of the second day amounted to AED 11,284,837,000.00 This was announced in the presence of Major General Staff Pilot Ishaq Saleh Al Balushi, Executive Director of the Military Organising Committee of the Dubai Airshow 2021 and Lt. Col. Pilot Sarah Hamad Al-Hajari, official spokesman for the Dubai International Airshow 2021.

Armed forces sign Dh20bn deals

The first deal was contracted with the American company, LOCKHEED MARTIN GLOBAL INC, to provide technical support services and spare parts for the air force and air defense command systems, at a value of AED 624,410,000.00. The second deal was contracted with GLOBAL AEROSPACE LOGISTICS LLC to provide maintenance services for the joint air command at a value of 3,436,145,600.00.

A third deal was also concluded with the French company THALES to provide technical support and repair services for the communication system worth 28,210,000.00, while a fourth deal was concluded also with the French company THALES to provide maintenance services and technical support for the air force and air defense systems at a value of 42,834,000.00.

The fifth deal was signed with the Italian company AGUSTA WESTLAND AVIATION SERVICES to provide technical support services for VIP aircraft, with a value of 90,000,000.00, while the sixth and final deal was signed with the Swiss company RHEINMETALL AIR DEFENCE AG to provide technical support, repair and maintenance services to the Air Force and Air Defence Command, at a value of 35,802,000.00.

Al Balushi began the press conference for announcing the deals concluded between the Ministry of Defence and defence companies specialised in the field of aviation, by welcoming all media representatives and all attendees.

He pointed out that the exhibition in this year’s edition plays a pivotal role in achieving commonalities in the aviation, aerospace and defense sectors at the global level, as it is a platform that has brought together leaders and experts from around the world for new partnerships, and paves the way for the sector’s recovery and future growth.

ALSO READ: Dubai Airshow Sees Dh200 Billion Deals in Two Days

He explained that the deals held in the past three days of the exhibition are different from each other because daily contracts are signed with multiple local and international countries for partners from outside the United Arab Emirates.

Lt-Colonel Pilot Sarah Al-Hajari pointed out that the deals concluded in the 2019 edition of Dubai Airshow were worth a total value of AED 18 billion, while those of the 2021 edition exceeded twenty billion dirhams on its third day only. It is expected that a variety of local and international deals will be concluded during the remaining days of the airshow.

Previous Story

Despite pandemic M-E defence spending stayed consistent: Lockheed Martin

Next Story

UAE-Russia non-oil trade records 80% growth

Latest from -Top News

Islamists Rise Under Yunus Rule

After the departure of former Prime Minister Sheikh Hasina in August 2024, Islamic parties in Bangladesh, crushed for years by the Awami League government, have made inroads into the political arena…writes Baidya

TIES WITH CHINA: Is Bangladesh Going Lanka Way?

Plans for nine Special Economic Zones, including Chinese-developed sites in Chattogram and Chandpur, promise jobs but risk creating enclaves where Beijing’s economic priorities overshadow Bangladesh’s….reports Asian Lite News On a humid March

Khaleda Zia’s Son Return Looms as Yunus Faces Heat

The core question remains whether Rahman can provide leadership in politically turbulent times in Bangladesh….reports Asian Lite News Speculation is mounting in Bangladesh over the possible return of Tarique Rahman, son of

India Eyes Top 5 Spot in Global Entertainment

With focused investments, policy support, and infrastructural upgrades, India is on track to position itself as one of the top five live entertainment destinations globally by 2030…reports Asian Lite News Fueled by
Go toTop

Don't Miss

UAE, Uruguay hold political consultations

During the discussions, the two sides discussed the development of

Nahyan bin Mubarak opens 5th Tolerance Forum

The forum represents the UAE’s successful development drive since its