Boeing, Lockheed win $2.8bn UAE deals
Abu Dhabi, February 24, 2009
US companies Boeing and Lockheed Martin have been awarded contracts worth a total of $2.8 billion for military transport aircraft by the United Arab Emirates, an official said.
The UAE armed forces awarded a 5.9 billion dirham ($1.61 billion) contract to Lockheed Martin and a 4.3 billion dirham deal to Boeing, said Major General Obaid Al-Ketbi, chairman of the Idex defence exhibition in Abu Dhabi.
Lockheed Martin will supply 12 C-130J aircraft and Boeing will supply four C-17 aircraft, which the UAE has said it needs to enhance airlift capabilities.
Abu Dhabi-based investment company Waha Capital will undertake the purchase and manage the financing of the aircraft, Al-Ketbi told reporters. -Reuters
More Miscellaneous Stories
- Diamond to launch UK café brand in UAE
- Mideast super-rich's wealth surges to $354bn
- Focus on anti-trafficking co-operation
- 300 brands on show at Saudi Foodex
- Bridge project at US base to be ready soon
- DuPont in sustainability goals success
- Abu Dhabi Police, Royal Jet ink agreement
- Jotun opens warehouse in Dammam
- RAK Ceramics deploys top SAP software
- GCAA warns on helium balloon dangers