The UAE Armed Forces awarded contracts worth Dh5.03 billion ($1.37bn) on the first day of the International Defence Exhibition and Conference, with the lion’s share going to local companies.
The Armed Forces, which signed a total of 19 contracts, signed seven deals worth Dh1.1bn with international companies, while local companies won contracts worth Dh3.9bn, Staff Brig Gen Mohammed Al Hassani, official spokesman for Idex and Navdex, said on Sunday.
Among the local companies that won contracts was Calidus, which clinched deals valued at Dh1.69bn. Military vehicle manufacturer Nimr was awarded a Dh230 million deal and Ammroc secured a…