Indra, Edge to form radar alliance amid series of cross-border deals

PARIS — Spain’s Indra and the Emirates’ state-owned defense technology firm Edge Group have agreed to create an Abu Dhabi-based joint venture that will develop and manufacture next-generation radar systems, the latest in a series of cross-border defense deals for both companies .

The joint venture will be able to access an order pipeline for nearly 300 advanced radar systems in non-NATO and non-European Union countries, the companies said in a statement on Monday. They did not disclose financial information.

Indra this year has already struck separate deals with Thales and Lockheed Martin to work together on defense systems, as the Spanish company seeks to strengthen its Defense and Security division, one of its fastest-growing businesses.

“This agreement between the two companies can create one of the world’s leading players in radar technology and is a step forward in Indra’s international expansion strategy,” said Indra President Marc Mutra.

The joint venture will receive “master rights” for current and future non-NATO and non-EU orders to be awarded to Indra, the companies said. Indra and Edge did not immediately respond to emailed questions about the deal’s finances and technology-sharing agreements.

Indra last week agreed a defense cooperation with France’s Thales, with the companies seeing joint opportunities in radar systems, cyber security, communication systems and simulation. Both are already partners in the Future Combat Air System project, a German-French-Spanish collaboration aimed at fielding a next-generation combat aircraft accompanied by drones. In January, Indra and Lockheed Martin agreed explore collaboration in areas including radar and electronic defense systems.

For the United Arab Emirates’ Edge Group, the venture with Indra follows last month’s joint venture with Italy’s Fincantiere. supply of naval vessels to non-NATO customerswith a potential pipeline of 30 billion euros.

Edge also signed a memorandum of understanding in February with Turkish Aerospace to provide its payloads and sensors for integration with the latter’s products and announced the market majority stake in Estonia-based military robot maker Milrem Robotics, a deal that had faced EU security overview.

Russian President Vladimir Putin visited the UAE in December, he met with Sheikh Mohammed bin Zayed Al Nahyan to discuss expanding economic ties between the countries, in one of his rare trips abroad since Russia’s invasion of Ukraine in February 2022. UAE belongs to Russia largest trading partner in the Middle East, according to the Emirati leader.

Rudy Rutenberg is Defense News’ Europe correspondent. He started his career at Bloomberg News and has experience reporting on technology, commodity markets and politics.

Read the original at Defence247.gr

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