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Saturday, April 1, 2023

EDGE signs major US$1.07 billion milestone agreement with Angolan Navy

EDGE signs major US.07 billion milestone agreement with Angolan Navy

ABU DHABI – The EDGE Group today signed a major milestone contract worth €1 billion (US$1.07) for leading shipbuilder Abu Dhabi Shipyards (ADSB) to build a fleet of state-of-the-art 71-meter frigates for the Angolan Navy.

The BR71 MKII frigate is a highly sophisticated vessel equipped with advanced mission systems including 3D radar, electronic warfare suite, secure communications, main guns, and surface-to-surface and surface-to-air missile systems.

Khalid Al Breiki, President, Platforms and Systems, EDGE, said: “The signing of the €1 billion defense export agreement is a major achievement for EDGE and the ADSB. It is a testament to our strategic approach and unwavering commitment to Directed to increase the country’s exports.”

By exporting UAE-made advanced solutions globally, EDGE is developing the local defense industrial base, creating domestic value, diversifying the economy and positioning the UAE as a key global player in advanced technology and defence.

David Massey, CEO of ADSB, said: “At ADSB we are extremely proud to have signed this €1 billion export agreement. The BR71 MKII frigate is a highly advanced vessel capable of performing multiple missions to protect Angola’s 1600km coastline. We Looking forward to meeting the operational requirements of the Angolan Navy and strengthening their naval capabilities while expanding ADSB’s growth avenues.”

Operating out of a state-of-the-art 330,000 square meter shipyard in Abu Dhabi, ADSB builds frigates, offshore patrol vessels, fast patrol craft for military customers, and merchant vessels for the oil services industry.

The company also provides a full range of maintenance, repair and modification, upgrades and conversions, and design and engineering consulting services.

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