Latest news with #MAESTRAL
Mid East Info
25-02-2025
- Business
- Mid East Info
EDGE and Fincantieri Sign MoU to Pioneer Underwater Solutions through MAESTRAL Joint Venture - Middle East Business News and Information
MAESTRAL JV to be tasked with the design, development, and construction of underwater systems The official signing took place in Rome as part of UAE President's, His Highness Sheikh Mohamed bin Zayed Al Nahyan, State visit to Italy Abu Dhabi, UAE / Trieste, Italy:February 2025 – EDGE, one of the world's leading advanced technology and defence groups, and Fincantieri, one of the world's leading groups in high-complexity shipbuilding, announced today that they have signed a new Memorandum of Understanding (MoU) that extends and builds upon the agreement signed in November 2024 in Paris in the rapidly evolving underwater domain. This enhanced cooperation aims to further strengthen the partnership between the two companies, through their Abu Dhabi-based shipbuilding joint venture MAESTRAL. The MoU is based on both companies collaborating to develop underwater technologies, supporting the United Arab Emirates (UAE) in becoming a regional pioneer in underwater technology innovation. EDGE and Fincantieri's cooperation will be focused on the design, development and creation of unmanned systems for critical underwater infrastructure protection and seabed mapping, next-generation submarines, drone-carrier ships, and lightweight torpedoes. This agreement comes amidst a rapidly evolving landscape for national defence. New threats and vulnerabilities are changing global dynamics, intensifying geopolitical rivalries, and increasing demand for investment in maritime defence. Critical underwater infrastructure has become a target due to its exposure to threats and can only be protected with advanced technological solutions, highlighting the pressing need for governments to invest in this sector. Building on their existing partnership through MAESTRAL, this MoU will allow both companies to share knowledge, technical expertise and production resources to develop state-of-the-art products suitable for the challenging and complex environment of the underwater environment. Hamad Al Marar, Managing Director & CEO of EDGE Group, said: ' Through MAESTRAL, EDGE and Fincantieri are advancing world-class underwater capabilities that will play a pivotal role in the future of subsea security and maritime defence. This partnership marks a significant step in positioning the UAE at the forefront of this strategically important domain, strengthening its role as a regional pioneer with globally competitive expertise. As underwater technologies become increasingly vital to national security, we are committed to driving innovation, enhancing sovereign capabilities, and setting new industry standards in this high-potential sector. ' Pierroberto Folgiero, Fincantieri CEO and Managing Director, stated: 'Since 1909 Fincantieri has a long-standing history in submarine construction, and has already established itself as a pioneer in the underwater sector, leveraging decades of systems integration expertise and cutting-edge innovation with a 'dual' focus either in the military and in the civilian space. The underwater domain is projected to reach $400bn by 2030 as defence public needs for countries globally are rapidly evolving. Through MAESTRAL, we are pleased to support the UAE's ambitious naval strategy and alongside a trusted partner like EDGE, we will seek to deliver ground-breaking underwater solutions to meet future needs for its national capabilities.' About EDGE: Launched in November 2019, the UAE's EDGE is one of the world's leading advanced technology groups, established to develop agile, bold and disruptive solutions for defence and beyond, and to be a catalyst for change and transformation. It is dedicated to bringing breakthrough innovations, products, and services to market with greater speed and efficiency, to position the UAE as a leading global hub for future industries, and to creating clear paths within the sector for the next generation of highly-skilled talent to thrive. With a focus on the adoption of 4IR technologies, EDGE is driving the development of sovereign capabilities for global export and for the preservation of national security, working with front-line operators, international partners, and adopting advanced technologies such as autonomous capabilities, cyber-physical systems, advanced propulsion systems, robotics and smart materials. EDGE converges R&D, emerging technologies, digital transformation, and commercial market innovations with military capabilities to develop disruptive solutions tailored to the specific requirements of its customers. Headquartered in Abu Dhabi, capital of the UAE, EDGE consolidates more than 25 entities into six core clusters: Platforms & Systems, Missiles & Weapons, Space & Cyber Technologies, Trading & Mission Support, Technology & Innovation, and Homeland Security. About Fincantieri: Fincantieri is one of the world's largest shipbuilding groups, the only one active in all high-tech marine industry sectors. It is leader in the construction and transformation of cruise, naval and oil & gas and wind offshore vessels, as well as in the production of systems and component equipment, after-sales services and marine interiors solutions. Thanks to the expertise developed in the management of complex projects, the Group boasts first-class references in infrastructures and is a reference player in digital technologies and cybersecurity, electronics and advanced systems. With over 230 years of history and more than 7,000 ships built, Fincantieri maintains its know-how, expertise and management centres in Italy, here employing 11,000 workers and creating around 90,000 jobs, which double worldwide thanks to a production network of 18 shipyards operating worldwide and with over 22,000 employees.
Zawya
24-02-2025
- Business
- Zawya
EDGE and Fincantieri sign MoU to pioneer underwater solutions through MAESTRAL Joint Venture
The official signing took place in Rome as part of UAE President's, His Highness Sheikh Mohamed bin Zayed Al Nahyan, State visit to Italy Abu Dhabi, UAE / Trieste, Italy: EDGE, one of the world's leading advanced technology and defence groups, and Fincantieri, one of the world's leading groups in high-complexity shipbuilding, announced today that they have signed a new Memorandum of Understanding (MoU) that extends and builds upon the agreement signed in November 2024 in Paris in the rapidly evolving underwater domain. This enhanced cooperation aims to further strengthen the partnership between the two companies, through their Abu Dhabi-based shipbuilding joint venture MAESTRAL. The MoU is based on both companies collaborating to develop underwater technologies, supporting the United Arab Emirates (UAE) in becoming a regional pioneer in underwater technology innovation. EDGE and Fincantieri's cooperation will be focused on the design, development and creation of unmanned systems for critical underwater infrastructure protection and seabed mapping, next-generation submarines, drone-carrier ships, and lightweight torpedoes. This agreement comes amidst a rapidly evolving landscape for national defence. New threats and vulnerabilities are changing global dynamics, intensifying geopolitical rivalries, and increasing demand for investment in maritime defence. Critical underwater infrastructure has become a target due to its exposure to threats and can only be protected with advanced technological solutions, highlighting the pressing need for governments to invest in this sector. Building on their existing partnership through MAESTRAL, this MoU will allow both companies to share knowledge, technical expertise and production resources to develop state-of-the-art products suitable for the challenging and complex environment of the underwater environment. Hamad Al Marar, Managing Director & CEO of EDGE Group, said: 'Through MAESTRAL, EDGE and Fincantieri are advancing world-class underwater capabilities that will play a pivotal role in the future of subsea security and maritime defence. This partnership marks a significant step in positioning the UAE at the forefront of this strategically important domain, strengthening its role as a regional pioneer with globally competitive expertise. As underwater technologies become increasingly vital to national security, we are committed to driving innovation, enhancing sovereign capabilities, and setting new industry standards in this high-potential sector.' Pierroberto Folgiero, Fincantieri CEO and Managing Director, stated: 'Since 1909 Fincantieri has a long-standing history in submarine construction, and has already established itself as a pioneer in the underwater sector, leveraging decades of systems integration expertise and cutting-edge innovation with a 'dual' focus either in the military and in the civilian space. The underwater domain is projected to reach $400bn by 2030 as defence public needs for countries globally are rapidly evolving. Through MAESTRAL, we are pleased to support the UAE's ambitious naval strategy and alongside a trusted partner like EDGE, we will seek to deliver ground-breaking underwater solutions to meet future needs for its national capabilities.' About EDGE Launched in November 2019, the UAE's EDGE is one of the world's leading advanced technology groups, established to develop agile, bold and disruptive solutions for defence and beyond, and to be a catalyst for change and transformation. It is dedicated to bringing breakthrough innovations, products, and services to market with greater speed and efficiency, to position the UAE as a leading global hub for future industries, and to creating clear paths within the sector for the next generation of highly-skilled talent to thrive. With a focus on the adoption of 4IR technologies, EDGE is driving the development of sovereign capabilities for global export and for the preservation of national security, working with front-line operators, international partners, and adopting advanced technologies such as autonomous capabilities, cyber-physical systems, advanced propulsion systems, robotics and smart materials. EDGE converges R&D, emerging technologies, digital transformation, and commercial market innovations with military capabilities to develop disruptive solutions tailored to the specific requirements of its customers. Headquartered in Abu Dhabi, capital of the UAE, EDGE consolidates more than 25 entities into six core clusters: Platforms & Systems, Missiles & Weapons, Space & Cyber Technologies, Trading & Mission Support, Technology & Innovation, and Homeland Security. About Fincantieri Fincantieri is one of the world's largest shipbuilding groups, the only one active in all high-tech marine industry sectors. It is leader in the construction and transformation of cruise, naval and oil & gas and wind offshore vessels, as well as in the production of systems and component equipment, after-sales services and marine interiors solutions. Thanks to the expertise developed in the management of complex projects, the Group boasts first-class references in infrastructures and is a reference player in digital technologies and cybersecurity, electronics and advanced systems. With over 230 years of history and more than 7,000 ships built, Fincantieri maintains its know-how, expertise and management centres in Italy, here employing 11,000 workers and creating around 90,000 jobs, which double worldwide thanks to a production network of 18 shipyards operating worldwide and with over 22,000 employees.
Zawya
22-02-2025
- Business
- Zawya
EDGE closes highly successful IDEX 2025 with $2.9bln in new sales
46 advanced solutions across multiple domains launched including post-quantum and AI-powered capabilities adapted to modern operational scenarios Abu Dhabi, UAE – EDGE, one of the world's leading advanced technology and defence groups, has ended its participation at the International Defence Exhibition (IDEX) 2025, with an impressive new sales tally of US$ 2.9 Billion (AED 10.65 Billion), and the launch of 46 ground-breaking solutions and services across the air, land, sea, space, and cyber domains. IDEX 2025, the largest edition to date, enabled EDGE to showcase its diverse portfolio of 218 advanced solutions, the vast majority of which are UAE made, at its massive 9,000 sqm stand at the landmark defence and technology event. Among the sixteen contracts awarded was a major EUR 500 million deal announced by MAESTRAL, a naval joint venture between EDGE and Fincantieri, for In Service Support (ISS) of the UAE's naval fleet; a contract by UAE Ministry of Defence to supply aerial munitions at a value of US$1.18 billion; and a US$ 61.8 million contract, also from the UAE Ministry of Defence for the supply of advanced GPS PROTECT anti-jamming systems. At the closing of the event, Hamad Al Marar, EDGE Group Managing Director & CEO, commented: 'This has been a very busy week for EDGE, and the support of our main customer and solid commitments and interest from international customers and partners, highlights the tremendous success we continue to enjoy. IDEX 2025 gave us the ideal platform from which we showcased how far we have come and the heights we are aiming for in the future as a global leader in advanced technology for the defence and civilian spheres. 'EDGE is firmly committed to playing a pivotal role in the strengthening of the UAE's indigenous defence offerings, to continuously disrupting the industry, and our own capabilities, with faster development, speedier delivery, and at revolutionary price points. We will grow and excel through partnerships, and we will strive to always remain ahead of the game across air, land, sea and space domains, and in the provision of superior world-class electronic warfare, secure communications, and sovereign cryptography and post-quantum capabilities, for the challenges of tomorrow. We look forward to the next edition of IDEX in 2027, where I am confident EDGE will once again surprise the industry with the huge achievements few considered possible five years ago.' -Ends- A recent video shoot took place at the XRANGE testing facility in Abu Dhabi, showcasing the REACH-S, AJBAN MK2, BORDERSHIELD, and 120 FIP in action. Watch the full video here: About EDGE Launched in November 2019, the UAE's EDGE is one of the world's leading advanced technology groups, established to develop agile, bold and disruptive solutions for defence and beyond, and to be a catalyst for change and transformation. It is dedicated to bringing breakthrough innovations, products, and services to market with greater speed and efficiency, to position the UAE as a leading global hub for future industries, and to creating clear paths within the sector for the next generation of highly-skilled talent to thrive. With a focus on the adoption of 4IR technologies, EDGE is driving the development of sovereign capabilities for global export and for the preservation of national security, working with front-line operators, international partners, and adopting advanced technologies such as autonomous capabilities, cyber-physical systems, advanced propulsion systems, robotics and smart materials. EDGE converges R&D, emerging technologies, digital transformation, and commercial market innovations with military capabilities to develop disruptive solutions tailored to the specific requirements of its customers. Headquartered in Abu Dhabi, capital of the UAE, EDGE consolidates more than 35 entities into six core clusters: Platforms & Systems, Missiles & Weapons, Space & Cyber Technologies, Trading & Mission Support, Technology & Innovation, and Homeland Security. For more information, visit For media enquiries, please contact: EDGE Group Press Office media@
Mid East Info
21-02-2025
- Business
- Mid East Info
EDGE Closes Highly Successful IDEX 2025 with US$ 2.9 Billion in New Sales - Middle East Business News and Information
16 major contracts awarded, and 32 strategic international agreements signed 46 advanced solutions across multiple domains launched including post-quantum and AI-powered capabilities adapted to modern operational scenarios. Abu Dhabi, UAE:February 2025 – EDGE, one of the world's leading advanced technology and defence groups, has ended its participation at the International Defence Exhibition (IDEX) 2025, with an impressive new sales tally of US$ 2.9 Billion (AED 10.65 Billion), and the launch of 46 ground-breaking solutions and services across the air, land, sea, space, and cyber domains. IDEX 2025, the largest edition to date, enabled EDGE to showcase its diverse portfolio of 218 advanced solutions, the vast majority of which are UAE made, at its massive 9,000 sqm stand at the landmark defence and technology event. Among the sixteen contracts awarded was a major EUR 500 million deal announced by MAESTRAL, a naval joint venture between EDGE and Fincantieri, for In Service Support (ISS) of the UAE's naval fleet; a contract by UAE Ministry of Defence to supply aerial munitions at a value of US$1.18 billion; and a US$ 61.8 million contract, also from the UAE Ministry of Defence for the supply of advanced GPS PROTECT anti-jamming systems. At the closing of the event, Hamad Al Marar, EDGE Group Managing Director & CEO, commented: 'This has been a very busy week for EDGE, and the support of our main customer and solid commitments and interest from international customers and partners, highlights the tremendous success we continue to enjoy. IDEX 2025 gave us the ideal platform from which we showcased how far we have come and the heights we are aiming for in the future as a global leader in advanced technology for the defence and civilian spheres. 'EDGE is firmly committed to playing a pivotal role in the strengthening of the UAE's indigenous defence offerings, to continuously disrupting the industry, and our own capabilities, with faster development, speedier delivery, and at revolutionary price points. We will grow and excel through partnerships, and we will strive to always remain ahead of the game across air, land, sea and space domains, and in the provision of superior world-class electronic warfare, secure communications, and sovereign cryptography and post-quantum capabilities, for the challenges of tomorrow. We look forward to the next edition of IDEX in 2027, where I am confident EDGE will once again surprise the industry with the huge achievements few considered possible five years ago.' About EDGE: Launched in November 2019, the UAE's EDGE is one of the world's leading advanced technology groups, established to develop agile, bold and disruptive solutions for defence and beyond, and to be a catalyst for change and transformation. It is dedicated to bringing breakthrough innovations, products, and services to market with greater speed and efficiency, to position the UAE as a leading global hub for future industries, and to creating clear paths within the sector for the next generation of highly-skilled talent to thrive. With a focus on the adoption of 4IR technologies, EDGE is driving the development of sovereign capabilities for global export and for the preservation of national security, working with front-line operators, international partners, and adopting advanced technologies such as autonomous capabilities, cyber-physical systems, advanced propulsion systems, robotics and smart materials. EDGE converges R&D, emerging technologies, digital transformation, and commercial market innovations with military capabilities to develop disruptive solutions tailored to the specific requirements of its customers. Headquartered in Abu Dhabi, capital of the UAE, EDGE consolidates more than 35 entities into six core clusters: Platforms & Systems, Missiles & Weapons, Space & Cyber Technologies, Trading & Mission Support, Technology & Innovation, and Homeland Security.
Mid East Info
17-02-2025
- Business
- Mid East Info
MAESTRAL, the EDGE-Fincantieri Joint Venture, to be awarded €500 million UAE Navy Support Contract - Middle East Business News and Information
MAESTRAL will be the Strategic Partner of the UAE Navy for the comprehensive fleet maintenance management The official contract award took place at IDEX/NAVDEX in Abu Dhabi Abu Dhabi, UAE / Trieste, Italy:February 2025 – EDGE, one of the world's leading advanced technology and defence groups, and Fincantieri, one of the world's leading groups in high-complexity shipbuilding, announced today that MAESTRAL, their Abu Dhabi-based shipbuilding joint venture, will be awarded a major 'In-Service Support Strategic Partnership Project' for the entire UAE Navy fleet by Tawazun Council. Tawazun Council is an independent government entity that works closely with the Ministry of Defence and security agencies in the United Arab Emirates. The value of the agreement is of approximately 500 million euros over a five-year period. The contract award announcement was attended by Mr. Hamad Al Marar, Managing Director & CEO, EDGE Group, Mr. Rodrigo Torres, CFO, Edge Group, Mr. Biagio Mazzotta, Chairman of Fincantieri, Mr. Pierroberto Folgiero, CEO and Managing Director of Fincantieri, and Mr. Dario Deste, General Manager of the Naval Vessels Division of Fincantieri. MAESTRAL will serve as the Industrial Strategic Partner, overseeing comprehensive maintenance management of the UAE Navy to meet key operational and logistic needs, and supporting UAE Navy's transformation journey to new levels of performance over the next five years. Hamad Al Marar, EDGE Group Managing Director & CEO, said: ' This contract award underscores the trust placed in MAESTRAL's advanced capabilities by our major customer, and important stakeholders worldwide. Together with Fincantieri, we are fully confident that these capabilities will provide valuable opportunities from which this unique joint venture can utilise its vast resources and pool of experience available to deliver superior maritime vessels, turnkey solutions, and lifecycle maintenance services, to deliver commercial successes to all partners involved .' Pierroberto Folgiero, Fincantieri CEO and Managing Director, stated: ' This contract marks a pivotal step in Fincantieri's growth in the region and reinforces our long-standing commitment to fostering industrial partnerships that deliver excellence. It also reflects the shared vision and synergy between Fincantieri and EDGE through the MAESTRAL joint venture. We are proud to stand alongside the UAE Navy as a trusted partner, ensuring sustained support, cutting-edge technology, and world-class maintenance services that meet the evolving needs of modern naval operations '. The ISS Strategic Partnership Project will see a close collaboration between Fincantieri and EDGE Group entity, Abu Dhabi Shipbuilding (ADSB) under the MAESTRAL joint venture. This unique joint proposition will leverage the combined capabilities of UAE national and international advanced shipyards, deploying a full range of technical, engineering and management expertise to enhance the quality and performance of the UAE Navy. The MAESTRAL joint venture, first announced in May 2024, aims to capitalise on global opportunities for the commercialisation, design, and manufacture of advanced naval vessels and services. About EDGE: Launched in November 2019, the UAE's EDGE is one of the world's leading advanced technology groups, established to develop agile, bold and disruptive solutions for defence and beyond, and to be a catalyst for change and transformation. It is dedicated to bringing breakthrough innovations, products, and services to market with greater speed and efficiency, to position the UAE as a leading global hub for future industries, and to creating clear paths within the sector for the next generation of highly-skilled talent to thrive. With a focus on the adoption of 4IR technologies, EDGE is driving the development of sovereign capabilities for global export and for the preservation of national security, working with front-line operators, international partners, and adopting advanced technologies such as autonomous capabilities, cyber-physical systems, advanced propulsion systems, robotics and smart materials. EDGE converges R&D, emerging technologies, digital transformation, and commercial market innovations with military capabilities to develop disruptive solutions tailored to the specific requirements of its customers. Headquartered in Abu Dhabi, capital of the UAE, EDGE consolidates more than 25 entities into six core clusters: Platforms & Systems, Missiles & Weapons, Space & Cyber Technologies, Trading & Mission Support, Technology & Innovation, and Homeland Security. About Fincantieri: Fincantieri is one of the world's largest shipbuilding groups, the only one active in all high-tech marine industry sectors. It is leader in the construction and transformation of cruise, naval and oil & gas and wind offshore vessels, as well as in the production of systems and component equipment, after-sales services and marine interiors solutions. Thanks to the expertise developed in the management of complex projects, the Group boasts first-class references in infrastructures, and is a reference player in digital technologies and cybersecurity, electronics and advanced systems. With over 230 years of history and more than 7,000 ships built, Fincantieri maintains its know-how, expertise and management centres in Italy, here employing 11,000 workers and creating around 90,000 jobs, which double worldwide thanks to a production network of 18 shipyards operating worldwide and with over 22,000 employees.
