Search Site

Trends banner

Emirates NBD H1 profit $3.40bn

Total income rose by 12 percent in the same period.

ADIB H1 pre-tax profit $1.08bn

Q2 pre-tax net profit increases by 14 percent.

AstraZeneca to invest $50bn in US

Bulk of funds to go into a Virginia manufacturing center.

UAB net profit up by 50% for H1

Total assets increase by 11 percent.

TSMC Q2 profit up 60%

TSMC is the world's largest contract maker of chips.

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.