DUBAI, UAE – Tawazun Council announced the signing of 11 deals, worth US$1.8 billion (AED 6.9 billion), with local and international companies on the second day of the Dubai Airshow 2023.
Tawazun Council is an independent government entity that works closely with the Ministry of Defense and security agencies to maximize value through acquisition systems.
The cumulative value of deals signed for first two days at Dubai Airshow 2023 is now 20 deals for US$3.2 billion (AED 11.6 billion).
The announcement was made during a press conference held by Tawazun Council’s official spokespersons Zayed Saeed Al Meraikhi and Majed Ahmed Al Jaberi.
Zayed Saeed Al Meraikhi said the number of contracts signed on Wednesday by Tawazun Council, on behalf of the Ministry of Defense, with local companies, has reached 8, totaling US$1.3 billion (AED 4.9 billion) in value.
The biggest contract- worth US$898 million (AED 3.3 billion) – was awarded to a company Black Diamond, to procure an air defense system.
The second largest local contract, worth US$200 million (AED 738 million), was signed Advanced Integrated Systems for the provision of aircraft maintenance services.
A contract worth US$160 million (AED 588 million) was signed with Edge’s Earth Company for the purchase of ammunition.
Other announced deals with local companies included a contract worth US$48 million (AED 177 million) with Trust International Group to procure UAV systems, and US$21 million (AED 77.5 million) contract with Global Air Navigation Services to procure aircraft braking system.
Additionally, an US$7.8 million (AED 29 million) contract was signed with Al Taif, an EDGE company, to provide Technical Support for cooling devices and power generators for systems.
A contract was signed with Emirates Aviation Supply Center for providing technical support for systems, radars, command, control and communications with a value of US$ AED 8 million.
The last deal was with ADB Safegate Gulf company at total value of US$2 million (AED 2.7 million) to procure monitoring and control panel for the aircraft system.
Also announced were three international contracts at a total value of US$544 million (AED 2 billion).
There were an US$381 million (AED 1.4 billion) contract with the US company Raytheon, to purchase ammunitions and an US$57 million (AED 210 million) contract with the Italian company Leonardo S.p.A for the provision of aircraft maintenance services.
The last deal was signed with the Chinese company CATIC to procure ammunition at total value US$119 million (AED 438 million).
Al Jaberi affirmed the council’s commitment to enhancing collaboration between major aerospace companies, both locally and globally.
“’The goal is to achieve sustainable progress and development through partnerships and the exchange of expertise. This approach aims to empower industrial capabilities to keep pace with the rapid technological advancements in the aerospace sector,” he said.