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Day 2 of IDEX 2019 Culminates in $1.9 Bn Contracts

Day 2 of IDEX 2019 Culminates in $1.9 Bn Contracts

Tuesday, 19 February, 2019 - 12:45
Commodore Fahad Nasser Saif Al Thehli, Official Spokesperson of NAVDEX 2019 and Staff Brigadier-General Mohammed Al Hassani, Official Spokesperson of IDEX 2019 at a press confernece (WAM)
Abu Dhabi- Asharq Al-Awsat
The United Arab Emirates announced it has signed deals worth $1.9 billion during the second day of International Defence Exhibition and Conference (IDE) and the fifth Naval Defence Exhibition (NAVDEX) events.

The contracts were given to 18 national companies and 6 international companies. The total value of the deals over the two days reached around $3.2 billion awarded to 57 local and international companies.

Speaking at a press conference, the official spokesperson of IDEX 2019, Staff Brigadier-General Mohammed al-Hassani, announced that total contracts with international companies on the second day stood at $1.598 billion including a contract with US company Raytheon to buy Patriot missiles for the UAE Air Force and UAE Air Defence Force, and a contract with the Russian Joint Stock Company for maintenance work and to buy Pantsir spare parts for the UAE Air Defence Force.

In addition, a contract was awarded to the Russian Joint Stock Company to buy EM150 Kornet missiles for the UAE Army, an another to the Swiss company Rheinmetall for technical support in Skyguard air defense product for the UAE Air Force.

French company Nexter Systems also singed a deal for technical support with Leclerc tanks, as well as a contract with the French company Safran Electronics and Defense to buy spare parts and provide maintenance and repair works for Leclerc tank telescopes.

The contracts also included one with French company Thales Group to replace batteries and extend the life of mines and another with Korean company Hanwha Group for the purchase of explosives and supplements to open loopholes in minefields and sites of various types for the UAE Army.

Also, at the press conference, the official spokesperson of NAVDEX 2019, Naval Staff Colonel Fahad Nasser Saif al-Thehli, announced that deals with local companies were worth more than $312 million.

The contracts included one with al-Fahad Security Systems for installation and maintenance works on security systems for the UAE Armed Forces, technical support services for the Presidential Guard’s video reception systems, maintenance and repair works, providing spare parts and services, and installing shooting targets for the Joint Air Command, and supplying spare parts and equipment for the UAE Air Force.

On Monday, Deputy PM and Minister of Interior, Lt. General Sheikh Saif bin Zayed Al Nahyan, launched Hamim Corvette of the Critical Infrastructure and Coastal Protection Authority (CICPA) at NAVDEX in Abu Dhabi.

Built by the Abu Dhabi Ship Building (ADSB) in partnership with a foreign boat builder, the command boat is equipped with highly accurate driving and control systems.

In other news, Saudi Arabian Military Industries (SAMI) announced Monday the signing of a Memorandum of Understanding (MoU) with L3 Technologies to explore opportunities for collaboration within Saudi Arabia on projects related to the electro-optical/infrared (EO/IR) and special mission systems markets.

The agreement, which supports Vision 2030 goals for enhanced indigenous capabilities in the aerospace and defense industries, will enable the companies to work together in developing an EO/IR and mission systems industry within the Kingdom that includes a focus on training, manufacturing, and research and development, as well as the pursuit of strategic opportunities.

Speaking on the occasion, SAMI CEO, Andreas Schwer indicated that the strategic MoU with L3 comes as part of the company’s commitment to support the objectives of Vision 2030, as “we work closely to further develop both the sensor and mission systems industry within the Kingdom and create a Center of Excellence around these technologies.”

“Over the next 10 years, we envision a provision of comprehensive through-life support for this technology: from IRAD activities to sustainment.”

L3’s Senior Vice President and Chief Global Business Development Officer, Stephen O’Bryan, said that establishing this relationship with SAMI is an important part of L3’s international growth strategy.

“By working collaboratively to provide sustainment, training and manufacturing capabilities within the KSA, we can significantly broaden our support for Saudi government and military forces.”

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