UAE armed forces sign contracts worth $1.58 billion with international firms at IDEX

February 18, 2019

ABU DHABI (Reuters) – The United Arab Emirates’ armed forces signed 5.8 billion dirhams ($1.58 billion) in contracts with international companies on Monday at the IDEX military exhibition, spokesman Brigadier General Mohammed al-Hassani said.

The contracts include a 5.3 billion dirham deal with Raytheon, al-Hassani said.

The UAE armed forces also signed contracts with local companies worth 1.14 billion dirhams.

($1 = 3.6728 UAE dirham)

(Reporting by Alex Cornwell; Editing by Toby Chopra)

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