US firm wins major UAE defence deal

23 February 2017

Contracts worth $4.9bn awarded one day before close of International Defence Exhibition & Conference 

The US’ Raytheon won the largest contract valued at AED1.29bn ($352m) on the fourth day of the International Defence Exhibition & Conference (Idex) in Abu Dhabi.

The deal is for the supply of ammunitions to the UAE Defence Armed Forces.

The deal puts US contractors slightly ahead of Russia in terms of contracts won so far.

The deal accounts for 38 per cent of the total value of contracts awarded for the day, which stood at AED3.42bn.

The value of deals inked over the past four days of the exhibition is AED18.4bn, or roughly $5bn, with one day to go before the show closes.

The previous edition of Idex in 2015 generated deals worth in excess of AED18.3bn.

Contracts signed on 22 February include:

Value of awarded contracts (AEDm)
Contractor’s country of originDay 1Day 2Day 3Day 4Total
UAE3,4812,6772,5681,89610,622
US 6219741,3922,987
Russia 2,603  2,603
Sweden 86660 926
Germany  252 252
Finland225   225
UK132 76 208
France85  116202
Others8915114516401
Total4,0136,9184,0753,42018,426
Source: MEED

 

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