IDEX 2019

Military spending soars [IDEX19D3]

19 February 2019

Local and international companies were awarded contracts worth AED4.9 billion (approximately US$1.35 billion), it was announced on the opening day of IDEX 2019.

IDEX spokesman Brigadier Mohammed Khamis Al Hassani, along with NAVDEX spokesman Colonel Fahd Nasser Al-Dhahli, said deals were made with 15 foreign firms and 18 domestic companies. The contracts include: the purchase of Patriot missiles from USA-based Raytheon, valued at AED1.3 billion; naval and land systems from Australia's EOS Defence for AED1.1 billion; additional capabilities to be supplied by Lockheed Martin to the UAE Air Force's radar capabilities, worth AED404 million; and technical support by Switzerland-based Rheinmetall Air Defence for the SkyGuard system.

Russia secured an AED147 million Kornet-EM 150 missile contract and India's Ordnance Factory a 155mm artillery ammunition deal. Jordan's King Abdullah II Design and Development Bureau scored an AED205 million contract to provide missiles and training rounds for the UAE Army and for South Africa's Paramount Group for its Mbombe armoured vehicles.

Domestic companies also won orders, such as IGG for the supply of military clothing accessories totalling AED300 million and the installation of electronic shooting systems, worth AED95 million.

Knowledge Point won an AED239 million deal to provide advisory services to the UAE Armed Forces. Al-Fattan Ship Industry will supply naval vessels worth AED56 million and Deena Shipping a training vessel and training services worth AED99 million.

(224 words)