Allaying fears that the ongoing COVID-19 pandemic could slow down weapons procurements in the Middle East, IDEX 2021 witnessed orders from the UAE alone worth more than AED20 billion (US$5.5 billion).
24 new deals worth AED 2.140 billion were inked on Day 4 with local firms garnering domestic contracts worth AED1.42 billion and international firms racking up contracts to the tune of AED720 million.
On the inaugural day of the show, the big winners were UAE based Calidus, which bagged orders worth AED 1.7 billion, for 12 B-250 light attack aircraft. The International Golden Group signed deals worth AED689 million. Insitu and Thales were the foreign beneficiaries of big orders on Day 1, which saw total orders worth AED5 billion (US$1.36 billion) spread across 19 contracts.
These orders were bested on the second day, when 11 deals, worth AED7.29 billion (US2 billion), were inked with domestic and international firms. Total deals worth AED6.98 billion were inked with international firms, while domestic firms received contracts worth a total of AED310 million, or 5 percent of the total value of deals on Day 2 of the show. Nine contracts were awarded to foreign companies, and 2 contracts were awarded to companies based in the UAE.
Day 3 of the show witnessed 12 new deals, worth AED 5.589 billion (US$1.5 billion) inked by the UAE Armed Forces. Here a greater share of the contracts, worth AED4.425 billion were inked with domestic firms, with international parties receiving six contracts worth AED1.164 billion,
Significant deals on Day 3 included Yas Holding purchasing Korean CHUNMOO launchers and missiles and agreements with Abu Dhabi Ship Building Company for providing technical support services for naval vessels and ships.
The Abu Dhabi Aviation Company received a contract for operation and management of search and rescue aircraft for the Joint Aviation Command. Harris International received a contract to implement automated command and control projects.
Italian firm Elettronica was contracted to provide technical support for reconnaissance for the Air Defence Command, while Boeing received a contract for maintenance on C-17 simulators for the Air Defence Command, at a value of AED 112,966,788. Thales received orders for spare parts for radar systems for the Air Defence Command, while Rheinmetall Man Military Vehicles received a maintenance and technical consultation contract.
Ecojet, the world's first electric, commercial airline, has signed an agreement to purchase 22 ZA2000 hydrogen-electric engines from ZeroAvia, with…
Vertical Aerospace has seen its latest VX4 prototype perform its first tethered piloted flight as it begins the “wheels up”…
As many as 260 firm commercial aircraft orders and £81.5bn worth of deals were struck on the first four days…
The first mission-ready F-16 pilots to graduate from the European F-16 Training Center (EFTC) in Romania were honoured today. This…
The NATO Support and Procurement Agency (NSPA) has awarded Airbus Helicopters a contract to lead a concept study as part…
Turkish Technic, a global maintenance, repair, and overhaul (MRO) company, has recently signed a Component Support Agreement with Citilink, a…
Following its firm order of 20 A330neo aircraft at the 2024 Farnborough International Airshow, Vietjet has entered into significant agreements…
NASA Langley Research Center has awarded a contract to Terma to improve the data management and operational efficiency of its…
With the advanced air mobility (AAM) industry on the verge of take-off, there has been a concerted effort by companies…
Magellan Aerospace Corporation (Magellan) has inked a Memorandum of Understanding (MOU) at the Farnborough Airshow with the Indian firm, Aequs…
ZeroAvia and KLM Royal Dutch Airlines will work towards a demonstration flight using ZeroAvia’s ZA2000 zero-emission, hydrogen-electric engines for large…
Pratt & Whitney has received more than 950 GTF engine orders and commitments since the beginning of the year. Airlines…
Triumph's Thermal Systems Division has been awarded a long-term-program contract to design, manufacture and support the precooler system for the…
Pratt & Whitney and OGMA Indústria Aeronáutica de Portugal , an Embraer company, have announced the induction of the first…
Abra Group has signed a Memorandum of Understanding (MoU) for five A350-900 aircraft, aiming to expand its international long-haul operations…
Saudi Arabia’s low-cost carrier flynas has signed a Memorandum of Understanding (MoU) with Airbus for 75 A320neo family aircraft and…
Thai Airways International Public Company Limited (THAI) has signed a six-year agreement with GE Aerospace to extend their TrueChoice Service…
AirAsia Aviation Group and AirAsia X, two of Asia’s largest low-cost carrier groups, have strengthened partnerships with SITA, adopting SITA…
AAR, a provider of aviation services to commercial and government operators, MROs, and OEMs, has entered into several long-term distribution…
J&C Aero, an EASA-certified international cabin interior hub, has successfully completed a full cabin modernisation of a Boeing 757-200, equipping…
Hours after it signed a contract with Australian company Wilbur Air, Spanish electric aircraft manufacturer Crisalion Mobility announced that it…
In a significant milestone for the D328eco programme, German OEM Deutsche Aircraft has commenced the construction of the first test…
British cargo airline, One Air, has marked its first year of operations by connecting 28 global airports and transporting over…
Liebherr-Aerospace and AAR have announced the signing of a General Terms Agreement (GTA). Under this agreement, Liebherr will grant licence…
EirTrade Aviation, the global aviation asset management and trading company, has begun disassembling its first B777-300ER in Knock, Ireland. The…
JEKTA Switzerland, the developer of the zero-emissions PHA-ZE 100 amphibious aircraft, has signed an agreement with Seaplane Asia to add…
Embraer announced a significant development for Brazilian air traffic during the Farnborough International Airshow. Atech, an Embraer Group company specialising…
Boeing and Ryanair, Europe’s largest airline group, are set to enhance the efficiency of Ryanair’s primarily 737 fleet by incorporating…
Specialist regional aircraft lessor TrueNoord has secured a new five-year term loan with BayernLB. This agreement strengthens TrueNoord’s relationship with…
LanzaJet, a sustainable fuels technology company, has received a strategic investment from Airbus to help expand LanzaJet’s ethanol-to-sustainable aviation fuel…
Headquartered in Singapore with reporters spread across all major regions, GBP Aerospace & Defence is a leading media house that publishes three publications that serve the aerospace and defence sector - Asian Defence Technology, Asian Airlines & Aerospace and Daily News. Known industry-wide for quality journalism, GBP Aerospace & Defence is present at more international tradeshows and exhibitions than any other competing publication in the region.
For over three decades, our award-winning team of reporters has been producing top-notch content to help readers stay abreast of the latest developements in the field of commercial aviation, MRO, defence, and Space.
Copyright 2024. GBP. All Rights Reserved.
Home Defence & Security Space Commercial Aviation Maintence Repair & Overhaul Daily News Events About Us
2024 GBP all rights reserved.