Edge, a UAE-based company specializing in defense and technology, has wrapped up a prosperous stint at IDEX 2023 by securing fresh contracts worth $5B (equivalent to AED 18.6B). The company unveiled 14 new products at the event, consisting of 11 innovative autonomous and unmanned products and solutions.
Out of the AED 18.6B worth of contracts, AED 4B were obtained through international export deals, while multiple partnerships and agreements were established with prominent OEMs, technology firms, and suppliers in the defense sector, according to Arabian Business.
EDGE, as the strategic partner of IDEX 2023, had a dominant presence at the five-day event, attracting the attention of numerous royal delegations and dignitaries worldwide, including His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the United Arab Emirates.
During the event, EDGE finalized significant contracts, including a historic export agreement worth Є1B with the Angolan Navy to construct and export a fleet of top-of-the-line 71-meter corvettes. The company also secured contracts with the UAE Armed Forces worth over AED9bn for their precision-guided munitions, including THUNDER and DESERT STING 25; SHADOW 25 and SHADOW 50; and HUNTER Loitering Munitions. Additionally, a contract worth AED4bn was signed to provide tactical communications and data-link solutions to the UAE Armed Forces.
In addition to these deals, EDGE entered into more than 20 agreements and joint ventures with major industry players such as Raytheon Emirates, ICOMM, John Cockerill, BAE Systems, Lockheed Martin, HAL, L3Harris, and Fincantieri, among others.
EDGE’s stand at IDEX 2023 also featured newly acquired companies, including High Lander, a specialist in autonomous solutions, and Milrem Robotics, Europe’s leader in robotics and autonomous systems, in which EDGE has a controlling share.
Additionally, Abu Dhabi-based GRADEONE Group, which provides military hardware, equipment, pyrotechnics, ammunition, and supplies to various military, law enforcement, and rescue services, was also showcased.
During the event, High Lander showcased its Universal UTM solution for UAVs, while Milrem Robotics presented their THeMIS and Multiscope unmanned ground vehicles, as well as the Type-X unmanned combat vehicle.
Mansour AlMulla, Managing Director and CEO of EDGE Group, expressed his satisfaction with the success of IDEX 2023, which is a testament to the defence sector’s continued innovation and EDGE’s significant progress over the past three years.
“EDGE continues to disrupt the industry, pushing the boundaries of advanced technology across multiple domains with a focus on autonomous capabilities, smart weapons, and electronic warfare – all areas in which EDGE is rapidly becoming recognised as a global leader”.
“The 14 cutting-edge products we have launched this week, and the large multi-billion dollar national and international contracts and deals signed, are a clear indication that we are on the right trajectory to achieving our goals and ambitions as we bolster our sovereign capabilities and increase our global footprint through exports.”