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IDEX 2023: AED4.5 Billion in Deals Signed on Day One

Nearly Even Split Local and International Suppliers

The Tawazun Council announced the signature, on behalf of the UAE MoD, of deals with an aggregate value of AED4.5 billion (US$1.23 billion) on the first day of IDEX and NAVDEX 2023 in Abu Dhabi. (Note: conversion at the 20 February rate of US$1/AED3.67)

Six contracts totalling AED2.3 billion were signed with local companies and five, totalling AED2.2 billion, with international firms.

Local companies

International companies

  • PT Pal (Indonesia) – AED1.5 billion for a multi-mission vessel
  • Thales LAS (France) – AED421 million for GM403 radars
  • Alliant Techsystems (USA) – AED202 million for ammunition procurement
  • MBDA (France) – AED92million for missile technical Support services
  • Rohde & Schwarz (Germany) – AED3 million for Communications Systems technical Support
Halcon has received an AED2.14 billion order for the Thunder P3 precision-guided munition. (Halcon)

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Publish date

02/21/2023

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