2/23, 11:58 AM (Source: TeleTrader)
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UAE's EDGE, Lockheed sign deal to 'enhance partnership'

United Arab Emirates' weapons manufacturer EDGE signed on Tuesday a memorandum of understanding with Lockheed Martin Corp. "to explore industrial participation opportunities."

The companies plan to improve "their longstanding strategic partnership by establishing joint working groups to identify and develop industrialisation and knowledge transfer programmes."

"Under review will be projects related to in-country capability-building, the creation of innovative and emerging technologies, and the continued expansion of human capital development initiatives," the press release stated.

Breaking the News / MD