INSEAD Day 4 - 728x90

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

Burjeel profit nearly doubles

Healthcare demand drives stronger earnings.

Salik profit slips in H1

The company said traffic recovery supported resilience.

EDGE bags another big order

ANAVIA is EDGE entity based in Switzerland.
  • The unmanned VTOL systems will be manufactured by Switzerland-based EDGE entity, ANAVIA.
  • In November 2023, EDGE acquired a 52 percent majority shareholding in ANAVIA, which manufactures unmanned helicopters.

Abu Dhabi, UAE — UAE’s defense group EDGE will supply 200 HT-100 and HT-750 unmanned helicopters to the UAE Ministry of Defense, which is the largest ever order for unmanned helicopter systems, to enhance their VTOL capabilities.

The unmanned VTOL systems will be manufactured by Switzerland-based EDGE entity, ANAVIA, which specializes in the development and manufacturing of autonomous aerial capabilities.

The compact HT-100 and larger HT-750 are multi-role unmanned performance helicopters for ISR (Intelligence, Surveillance and Reconnaissance) and logistics missions, designed to transport heavy payloads while maintaining exceptional flight stability – setting the standard for autonomous flying.

Khaled Al Zaabi, President of Platform and Systems of Edge Group, said, “This landmark deal marks an important milestone both for the HT-100 and HT-750 systems and for EDGE. This landmark order represents the first order by the UAE Ministry of Defense for these advanced aircraft, and the largest order ever for ANAVIA, reinforcing the confidence placed in these exceptional products from customers around the world.”

In November 2023, EDGE acquired a 52 percent majority shareholding in ANAVIA, which develops and manufactures unmanned helicopters capable of carrying out mission-critical surveillance, reconnaissance and transportation, as well as being readily adaptable across EDGE’s diverse portfolio of air, land, and maritime capabilities.