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Defence Deals Worth US$1.28 Billion Inked

Our Bureau - : Nov 14, 2023 - : 12:38 am

Day 1 of the Dubai Airshow saw defence deals worth US$1.28 billion (AED 4.7 billion) being finalised.

Tawazun Council, the independent government entity that works closely with the Ministry of Defence and security agencies to maximize value through acquisition systems, signed nine deals with local and international companies on the inaugural day of the show.

The deal announcements were made during a press conference held in the presence of Zayed Saeed Al Meraikhi and Majed Ahmed Al Jaberi, the official spokespersons of Tawazun Council, for the Dubai Airshow 2023.

Zayed Saeed Al Meraikhi said that four contracts were signed by Tawazun Council on behalf of the Ministry of Defense with local companies, totaling AED 2.7 billion, including a contract with HALCON to procure ammunitions valued at AED 2.14 billion, and two contracts with “International Golden Group”, the first one is an AED 338 million contract to provide technical support for aircraft, and the second, for the purchase of engines and parts for aircraft at a value of AED 13 million.

Furthermore, a contract was signed with “Air Dynamus Solutions” to provide technical support and purchase of spare parts and repair of aircraft for AED 20 million.
Majed Ahmed Al Jaberi announced the contracts Tawazun Council has signed with international companies included 5 deals totaling AED 2 billion. They include an AED 1.62 billion contract with Chinese company “Catic” to procure an air show aircraft and its accessories, an AED 326 million contract with “Thales Las France”, a French company, for the purchase of Detection Radars and an AED 3.5 million contract with U.S. company “Iomax” to provide technical support for armament systems and purchase of spare parts, maintenance and repair work for aircraft.

A contract was signed with Chinese company “Poly Technologies” at a value of 23 Million to provide technical support contract for aircraft systems, while the last deal was signed with Greek company “Sielman Defense Manufacturing & Maintenance” at a total value of 3.67 Million to provide technical support, repair and maintenance for the hawk air defense system.

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