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HomeNewsFincantieri-Edge joint venture to manage UAE Navy fleet

Fincantieri-Edge joint venture to manage UAE Navy fleet

(ANSA) – ROME, FEB 17 – Tawazun Council, the UAE’s defence and security acquisition authority, has assigned to Maestral, the Abu Dhabi-based shipbuilding joint venture between Fincantieri and Edge, an In-Service Support Strategic Partnership Project for the entire Navy fleet of the United Arab Emirates, Fincantieri and Edge announced in a statement on Monday.
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. Maestral will serve as the Industrial Strategic Partner, overseeing comprehensive maintenance management of the UAE Navy to meet key operational and logistical needs, the statement said. (ANSA).
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