UMEX & SimTEX see deals valued at US$ 441 million

Three new deals were signed on day 2, with an overall value of over AED 966.25, compared to deals valued at AED 156.091 million on the second day of the exhibitions in 2020.

This brings the total number of deals of the first two days of this year’s edition to six with an overall value of AED 1.620 billion, with an increase of 159% compared to the deals of the first two days in the 2020 edition.

The overall value of deals signed by the Ministry of Defence with local companies participating in UMEX & SimTEX 2022 in its second day amounted to approximately AED 874.174 million, while contracts with foreign companies amounted to AED 92.077 million.

The second day deals include one valued at over AED 874.174 million with International Golden Group for purchasing a drone system, and an AED 46.643 million contract with the American Anduril Industries company for finishing trials related to an anti-drone system, along with a deal valued at around AED 43.434 million with France’s MBDA company for purchasing thermal flares.

This year’s edition hosts several prominent global companies, including the US General Atomics company for aviation systems, the US L3Harris Technologies, the US Insitu company, France’s NExter Systems, Ukraine’s Ukroboronprom,  Italy’s Fincantieri, and China’s ALIT, and many more leading global countries that are launching their latest unmanned systems innovations and technologies at UMEX & SimTEX.