Abu Dhabi firm takes controlling stake in European aerospace and defence supplier
ℹ️ Browser-Stimme · KI-Studiostimme bald verfügbar
The UAE's EDGE Group has acquired a controlling stake in an Italian engine manufacturer, according to Breaking Defense.
The deal marks a significant expansion of Emirati defence industry interests into European aerospace and defence manufacturing. The acquisition gives EDGE access to European expertise and production capabilities in a strategically important sector.
The move reflects broader efforts by Gulf states to develop indigenous defence technology capabilities and secure supply chains outside traditional Western partnerships.