Search Site

Trends banner

Aldar nets $953m in sales at Fahid

Aldar said 42 percent of the buyers are under the age of 45.

Qualcomm to Alphawave for $2.4 bn

The deal makes Alphawave the latest tech company to depart London.

Equinor signs $27 bn gas deal

The 10-year contract was signed with Centrica.

ADNOC Drilling secures $1.15bn contract

The contract for two jack-up rigs begins in the second quarter.

Etihad Q1 profit $187 million

This is a 30% YoY increase over Q1 2025.

Dubai Airshow: UAE MoD signs deals worth AED 5bn

Ministry of Defence concludes deals worth AED 5 billion on the first day of Dubai Airshow.
  • The first deal was signed with Airbus Defence and Space S.A.U., a Spanish company, to purchase refueling aircraft for the Air Force and Air Defense Command
  • One contract was signed d with the French company, Thales, to purchase communication systems for the Air Force and Air Defense

The Ministry of Defence  (MoD) announced five deals worth AED 5,239,640,000 with local and international companies on the first day of the Dubai Airshow 2021.

Major General Staff Pilot Ishaq Saleh Al Balushi, Executive Director of the Military Organising Committee of the Dubai Airshow 2021, announced during the press conference that the first deal was signed with Airbus Defence and Space S.A.U., a Spanish company, to purchase refueling aircraft for the Air Force and Air Defense Command, at a value of AED 2,468,189, 886.00.

The second deal was signed with Progressive Technologies to purchase munitions supplements, including training, for the Air Force and Air Defense, which amounted to AED 2,672,257,000.00, said Lt. Col. Pilot Sarah Hamad Al-Hajari, official spokesman for the Dubai Airshow.

She pointed out that one of the deals was signed with the French company, Thales, to purchase communication systems for the Air Force and Air Defense, at a value of AED15,937,000, while another contract was concluded with the same company to purchase spare parts and maintenance at a value of AED16,709,754.00.

The fifth deal, she said, was concluded with the US company, Goodrich Corporation, to provide technical support services and technical assistance and to provide spare parts for aircraft systems at a value of 66,114,000.00.

“It is expected that this edition of Dubai Airshow will be more distinguished than the previous ones, given the number of countries and new exhibitors participating in the exhibition, where more than 1,200 exhibitors from 148 countries around the world are participating,” Al Balushi said.