UAE’s EDGE First in Middle East to be Ranked Among Top 25 Military Companies in the World
Retrieved on:
Wednesday, December 9, 2020
Software, Defense, Other Defense, Other Manufacturing, Hardware, Technology, Aerospace, Manufacturing, Arms control, Weapons trade, Companies, Business, Military industry, Arms industry, Arms trafficking, Military–industrial complex, Stockholm International Peace Research Institute, Almaz-Antey, Faisal Al Bannai, NPO Almaz
Others on the ranking included Lockheed Martin, the Aviation Industry Corp of China (AVIC), BAE Systems, Thales, Almaz-Antey, and Rolls Royce.
Key Points:
- Others on the ranking included Lockheed Martin, the Aviation Industry Corp of China (AVIC), BAE Systems, Thales, Almaz-Antey, and Rolls Royce.
- SIPRI reported that the sales of arms and military services by the largest 25 companies totalled US$361 billion in 2019, with EDGE accounting for 1.3 per cent of this total arms sales.
- Faisal Al Bannai, CEO and Managing Director, EDGE said: As EDGE marks its one-year anniversary, we are proud to be the first ever in the Middle East that is ranked among the top 25 largest military companies in the world by SIPRI.
- As we continue to build the UAEs sovereign capabilities and develop partnerships for export growth, we remain excited about what the future holds.