After the signing of the Memorandum of Understanding (MoU) between EDGE Group and Leonardo in June this year, where the parties confirmed their intention to form a joint venture (JV) in Abu Dhabi, the two companies now announce a further step towards reaching this common objective.
EDGE Group and Leonardo have completed the preliminary assessment of technology transfer activities and market potential, also defining the general principles of the JV governance. After this latest development, the agreement was signed at the Dubai Airshow 2025, at which the parties will work towards the JV launch, expected in 2026.
The participation shares in the new company for EDGE Group and Leonardo will be 51% and 49% respectively.
Activities currently under evaluation include, among others, design, development, testing, industrialization and production, sales and leasing, support and training over the entire life cycle for the JV’s products in the UAE, intellectual property rights, and professional training of the local workforce. The JV’s products will be marketed in the UAE and, from the country, to selected export markets. The range under investigation will be identified among solutions proposed by Leonardo spanning from sensor sector to system integration and platforms.Hamad Al Marar, Managing Director and CEO of EDGE Group stated, “The latest milestone on the road to establishing a joint venture between EDGE and Leonardo not only highlights the speed with which we are proceeding, but also the results that can be achieved when two key players in the sector collaborate on the development of a smart strategy to ensure technological excellence for global security. By cooperating in various critical areas, including air, land, sea and electro-optic systems, we can adapt solutions born of solid experience, expertise and innovation, through the UAE, to both existing and prospective markets.” Roberto Cingolani, CEO and General Director of Leonardo, declared, “This latest result, following months of hard work among the partners, attests to our mutual understanding of the added value that we can create together, paving the way for even greater collaboration. The combination of our capabilities in the UAE, in some high-level technological sectors that we have identified and are subject to in-depth evaluation, can offer highly competitive solutions to the reference market. We are, therefore, highly motivated to work towards the next phase of cooperation.”
