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UAE signs new $1.34 bn defence deals

Motorcyclists perform stunts at the International Defence Exhibition and Conference (IDEX) in Abu Dhabi. The UAE armed forces signed on
Tuesday new defence deals, mostly with local firms, worth US$1.34bn, on the third day of the defence show (aFP)

Abu Dhabi - 

The UAE armed forces signed on Tuesday new defence deals, mostly with local firms, worth $1.34 billion, on the third day of the IDEX defence show, the exhibition spokesman said.

"The total value of the deals signed today reached 4.9 billion dirhams ($1.34 billion)," Staff Major General Obeid al-Ketbi told reporters.

A contract for maintenance of military aircraft was signed with local firm AMMROC for 1.8 billion dirhams ($490.5 million), Ketbi said.

He said the contracts also included a 430.7 million dirhams ($117.2 million) deal with US manufacturer Raytheon for materials used in GBU12 and GBU58 bombs.

On Monday, Ketbi said the UAE signed a 722 million-dirham ($196-million) contract with US firm General Atomics for the purchase of Predator drones with their complete integrated logistic support systems.

Tuesday's agreements bring the total value of contracts signed so far at the biennial show to $2.76 billion.

Oil-rich UAE invests heavily in defence, just like most other Gulf states that are mainly wary of potential hostilities from neighbouring Iran.

-AFP

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