Open

Coming up

Don't miss

Replay


LATEST SHOWS

REPORTERS

Argentina: The Kirchner era

Read more

AFRICA NEWS

Tunisia presidential elections: Final day of campaigning ahead of Sunday's vote

Read more

FRANCE IN FOCUS

Holiday season: celebrating a secular Christmas

Read more

#THE 51%

Are toys really us?

Read more

ENCORE!

Child brides, the people of Syria and New York’s homeless

Read more

FOCUS

Video: Pakistan in mourning after school massacre

Read more

AFRICA NEWS

Kenya: Security law approved despite disruptions in Parliament

Read more

DEBATE

Wrecked Rouble: Putin Defiant as Currency Tumbles (part 2)

Read more

DEBATE

Wrecked Rouble: Putin Defiant as Currency Tumbles (part 1)

Read more

Business

US receives military plane order from UAE

Latest update : 2009-02-24

The United Arab Emirates has ordered military air transporters from US manufacturers Boeing and Lockheed Martin in two deals together valued at 2.9 billion dollars.

AFP - The United Arab Emirates has ordered military air transporters from US manufacturers Boeing and Lockheed Martin in two deals together valued at 2.9 billion dollars, IDEX defence show spokesman General Obeid al-Ketbi said on Tuesday.

The deal with Boeing includes the purchase of four C-17 air transporters in a deal valued at 4.8 billion dirhams (1.3 billion dollars), Ketbi said at a press conference.

Ketbi also said that Lockheed Martin will supply the UAE armed forces with 12 C-130J air transporters in a deal valued at 5.9 billion dirhams (1.6 billion dollars).

He said the local leasing and financing firm Al-Waha Capital had been instructed to arrange finance for the two contracts, which are part of a plan to modernise the armed forces' fleet.

"These are final deals," he said.

But Lockheed Martin's regional vice president for international business development, Rick Groesch, who at was the press conference, appeared surprised by the announcements.

"We are in final discussions about the aircraft," he told reporters.

"No, we have not signed the deal," he said, adding that the US manufacturer was still in discussions with al-Waha Capital to finalise the order.

The announcements came on the third day of the Middle East's largest defence fair in Abu Dhabi, and a day after the UAE announced finalising armament contracts worth 819 million dollars with mostly local suppliers.
 

Date created : 2009-02-24

COMMENT(S)