DUBAI, Nov 19 (Reuters) - Emirati defence giant EDGE is
courting U.S. weapons makers with plans to co-produce arms for
American buyers, its chief executive told Reuters, as the
state-owned group seeks to deepen ties with Washington and start
some manufacturing in the United States.
EDGE last week announced a tie-up with U.S. drone maker
Anduril to build a new unmanned aircraft in the UAE - a "step of
many" towards strengthening ties with the U.S., including
shifting some manufacturing to the U.S., Managing Director and
CEO Hamad Al Marar said in an interview this week on the
sidelines of the Dubai Airshow.
EDGE hopes to broaden development and production
partnerships with U.S. giants like Raytheon, Northrop Grumman ( NOC )
, and Lockheed Martin ( LMT ), Al Marar said without
elaborating.
The UAE is a strong military ally of Washington, and earlier
this year pledged $1.4 trillion of investment in the United
States, including defence.
Defence partnerships are a focus for the current U.S.
administration and deeper ties open new business opportunities,
Al Marar said.
An equity investment in Anduril, valued at $30 billion in
April, is under consideration, he added.
GLOBAL EXPANSION
Founded in 2019, EDGE is owned by the government of Abu
Dhabi. It produces weapons, drones, armoured vehicles, radios,
radar systems and other military equipment, as well as
technology for ships and cybersecurity.
It has an order backlog of around $21 billion, with regions
such as Africa and Latin America driving growth, while targeting
expansion in Europe and Southeast Asia, Al Marar said.
During the air show, it signed deals with companies from
countries including Italy, the U.S., and sealed a $7 billion
cooperation agreement with Indonesia's Republikorp to localise
manufacturing there.