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FINANCIAL NEWS
UAE to sign six defense deals at USD 208.76mn
07 Mar 2016
(MENAFN) The UAE signed six contracts value more than USD 208.76mn with many global and regional firms to support increasing the nation defense sector.
Moreover, Quebec Simulation Systems won a deal to apply internal training systems including 20 shooting systems at USD 2.47mn.
Additionally, other main deals went to CAE for the sale of USD 110.18mn simulation systems and the Global Flight Academy to train pilots.
On the other hand, Infox Simulation signed a contract value USD 43.54mn while the local player Al Badi won USD 13.61mn contract to train technicians.
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