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FINANCIAL NEWS
IDEX 2017’s organizers announced deals worth USD2b
21 Feb 2017
(MENAFN) On the second day of International Defense Exihibition (IDEX 2017), organizers announced that deals worth USD2b were made.
And among the biggest deals, a contract with the Russian company, Rosoboronexport, to buy Dh 2.6 billion worth of anti-armour missiles for the UAE Armed Forces and another contract with the UAE based company Maximus Air to buy air cargo planes for commercial use for Dh1.8 billion.
Five of the deals are with national companies and the remaining five are with international companies.
Furthermore, there are also other agreements including a Dh151 million contract with the German company, Rheinmentall Defence Electronics to buy combat simulators, another contract with American company Raytheon for the purchase of missiles worth Dh611 million.
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MENAFN2102201700450000ID1095261464
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