EDGE Group has formalised a new Joint Venture (JV) agreement with Spain’s Indra Sistemas (Indra), a world-leading information technology and defence systems company with a footprint in over 140 countries worldwide, and a significant player in major European programs such as the Eurofighter and the Future Combat Air System (FCAS), among others.
The agreement, signed in Madrid by EDGE Managing Director & CEO, Hamad Al Marar, and Jose Vicente de los Mozos, CEO of Indra, will see the new Abu Dhabi-based JV develop and manufacture next-generation radar systems in the UAE, opening a pipeline of orders for approximately 300 advanced radar solutions.
The new business will be granted prime rights for current and future non-NATO and non-EU orders awarded to Indra.
Noteworthy, the JV will place a strategic focus on the continued development of sophisticated technologies, innovation, and global market expansion by targeting untapped and fragmented non-NATO markets outside of the European Union.
EDGE will bring its commercial strength and technology building blocks, while Indra will enhance the new company’s capabilities by transferring technology, and shifting some engineering, commercial, and manufacturing capabilities to the JV.
Further, the JV will also focus on building a team of highly-qualified personnel in the UAE, particularly in sales and engineering roles, by leveraging local Emirati, as well as global talent, ensuring sustainable operational excellence and innovative output.
