A total of 1,235 companies including Boeing, Lockheed Martin, Northrop Grumman, Raytheon and Russia’s Rostec are taking part in the five-day defence expo. (Image credit:Satish Kumar / The National Section: Business )

Idex 2017: Deals total Dh4.07 billion on another bumper day

The UAE Armed Forces awarded 31 deals worth Dh4.07 billion on day three of Idex, with the biggest contract going to Raytheon.

The US defence firm won a Dh828.3 million contract to supply the UAE Air Force and UAE Air Defence Force with an air defence system and spare parts, said Brigadier General Rashid Al Shamsi, the official spokesman for Idex.

UAE-based Abu Dhabi Autonomous Systems Investments Company won a Dh377m contract to offer Integrated Logistics Support for aircraft.

Palms Sports, another UAE-based company, clinched a Dh365.3m deal to provide specialised jiu-jitsu and combat training instructors.

Bayanat, a unit of Abu Dhabi-owned Emirates Defence Industries Company, won a Dh277m contract for software licences and the production of spatial information.

Tuesday’s deals bring the total for the first three days of the five-day biennial expo to Dh15.41bn.

More than Dh18.3bn worth of deals were struck at the 2015 event.

A total of 1,235 companies including Boeing, Lockheed Martin, Northrop Grumman, Raytheon and Russia’s Rostec are taking part in the five-day defence expo, a 3 per cent increase on 2015.

More than 100,000 visitors are expected to descend on the Abu Dhabi National Exhibition Centre (Adnec), with the size of the...Read more...

Source: thenational.ae