EDGE, one of the world’s leading advanced technology and defense groups, and Leonardo have confirmed their mutual intent to establish a joint venture (JV) in Abu Dhabi.
The EDGE-Leonardo Joint Venture will create a cutting-edge technology hub in the UAE, strategically positioned to serve global markets through a unified and synergistic approach.
The MoU was signed by H.E. Faisal Al Bannai, Chairman of EDGE Group, and Roberto Cingolani, CEO and General Manager of Leonardo during a recent visit to Abu Dhabi. This agreement marks the latest step in strengthening the collaboration between EDGE and Leonardo.
The new JV will represent a landmark in global defense collaboration, covering multiple domains and integrating some of the most advanced and sophisticated technologies, including Naval C2 systems and combat system ballistic missile defense; counter-unmanned aerial systems (C-UAS); airborne capabilities for maritime multi-mission aircraft (MMA); optronics; air defense; and high-performance computing (HPC) electronics for missile applications.
Headquartered in Rome, Leonardo designs, develops, produces, maintains and upgrades commercial, military and military training aircraft, as well as producing aerostructures. Leonardo is also active in the design, development and production of naval artillery, armored vehicles and underwater systems.
Recently, EDGE Group partnered with First Abu Dhabi Bank (FAB), the UAE’s global bank. The agreement covers two major financial initiatives: the implementation of FAB’s advanced Supply Chain Finance (SCF) solution and the deployment of its AI-powered Treasury Management System (TMS).
