EDGE concludes highly successful IDEX 2023 with major multi-billion dollar deals signed

• Published date: 24 February 2023
• Publication title: Wam

BU DHABI, 24th February, 2023 (WAM) EDGE, one of the world's fastest growing and leading advanced technology and defence groups, has concluded its highly successful participation at IDEX 2023, launching 14 new products, including 11 breakthrough autonomous and unmanned products and solutions, the signing of new contracts and deals worth AED 18.6 billion, of which AED 4 billion was in international export deals, and several partnerships and agreements signed with leading OEMs, defence and technology companies, and suppliers.

s the Strategic Partner, EDGE boasted the largest presence at the five-day event, garnering the attention of several royal delegations and dignitaries from around the world, including President His Highness Sheikh Mohamed bin Zayed Al Nahyan and other senior members of the UAE's leadership, as well as other dignitaries, politicians, and prospective customers.

Major deals signed at the event included a landmark EUR 1 billion export deal with the Angolan Navy to build and export a fleet of best-in-class 71 metre corvettes, and major contracts worth over AED9 billion with the UAE Armed Forces for EDGE's THUNDER and DESERT STING 25 Precision-Guided Munitions; SHADOW 25 and SHADOW 50, and HUNTER Loitering Munitions; and a contract valued at AED 4 billion to provide tactical communications and data-link solutions to the UAE Armed Forces.

EDGE also signed over 20 agreements and joint ventures with several major industry players including Raytheon Emirates, ICOMM, John Cockerill, BAE Systems, Lockheed Martin, HAL, L3Harris, and Fincantieri, among others.

lso included on the EDGE stand were new companies in which it has recently acquired major shareholdings, including autonomous solutions specialist High Lander, Milrem Robotics, Europe's leader in the fields of robotics and autonomous systems, in which EDGE has a controlling share, and Abu Dhabi-based GRADEONE Group, which specialises in providing military hardware, equipment, pyrotechnics, ammunition, and supplies to various military, law enforcement and rescue services. Consequently, High Lander showcased their next-generation Universal UTM solution for UAVs, while Milrem Robotics presented the THeMIS and...