Technology and defence group EDGE has concluded its participation at IDEX 2023, where the company says it was able to launch 14 new products, including 11 autonomous and unmanned products and solutions, the signing of new contracts and deals worth AED 18.6 billion, of which 4 billion was international export deals.
As the Strategic Partner of the event, EDGE was able to gain the attention of several royal delegations and dignitaries from around the world, including His Highness Sheikh Mohammed bin Zayed Al Nahyan, President of the United Arab Emirates and other senior members of the UAE’s leadership.
Major deals signed at the event included a EU€1 billion export deal with the Angolan Navy to build and export a fleet of 71 metre corvettes and major contracts worth over AED 9 billion with the UAE Armed Forces for the company’s Thunder and Desert String 25 Precision-Guided Munitions.
EDGE also signed over 20 agreements and joint ventures with major industry players including Raytheon Emirates, ICOMM, John Cockerill, BAE Systems, Lockheed Martin, HAL and others.
Included on the company’s stand were new companies in which it has recently acquired major shareholdings which included autonomous solutions company High Lander, Milrem Robotics, in which EDGE has a controlling share and Abu Dhabi-based GRADEONE Group which provides military hardware, equipment, pyrotechniques, ammunition and supplies to military, law enforcement and rescue services.
“The great success of IDEX 2023 is evidence of the continued innovation of the defence sector, and the huge strides EDGE has made over the last three years. EDGE continues to disrupt the industry, pushing the boundaries of advanced technology across multiple domains with a focus on autonomous capabilities, smart weapons, and electronic warfare,” explained Mansour AlMulla, Managing Director and CEO of EDGE. “The 14 cutting-edge products we have launched this week, and the large multi-billion dollar national and international contracts and deals signed, are a clear indication that we are on the right trajectory to achieving our goals and ambitions as we bolster our sovereign capabilities and increase our global footprint through exports.”