Do not invest more money than you can afford to lose.
The United Arab Emirates’ Ministry of Defense announced on Monday a $1.27 billion deal for upgraded Saab surveillance systems on Bombardier aircraft. Major General Abdullah al-Hashimi, the ministry’s executive director of strategic analysis, said UAE was also in talks about upgrading the radar systems of two older SAAB turboprop planes and would decide whether to proceed within two years.
Additionally, Lockheed Martin won a $262.8m contract from the US Air Force to service a few of Saudi Arabia’s fighter jets, and Embraer Defense & Security said Lebanon would buy six Super Tucano aircraft for basic missions and training.
Almost 30 French aerospace companies are exhibiting at DAS 2015.
Lower oil prices and conflicts in Yemen, Iraq and Syria have focused the attention of many Gulf countries on smaller drones, ground vehicles and other short-term equipment needs, a senior Textron Inc executive said Sunday.
Compared with the last 2013 airshow, which included announcements of $140 billion in Boeing and Airbus orders by four major Gulf carriers, this year’s event has been largely a chance for Gulf carriers to showcase their new planes and for global businesses to meet potential aviation and aerospace clients in the region.
The airline took delivery in December of the first unit of 10 Airbus superjumbo A380 planes ordered, as well as the first of 72 units of Boeing’s long-haul 787 planes.
The sale, previously attributed to an unidentified customer, was announced at the 2015 Dubai Airshow.
Boeing says its modernised 777X family will be the most efficient wide-body jets, relative to the number of seats.
According to the Boeing Current Market Outlook, single-aisle airliners, such as the 737 MAX, will command the largest share of new deliveries, with airlines in the region needing approximately 1,410 examples.
Abu Dhabi’s state-owned Etihad Airways signed a Memorandum of Understanding with Abu Dhabi-based investment firm Mubadala worth about one billion dollars.
Airbus Group SE yesterday said that it is in negotiations to sell as many as 32 A380 superjumbos as the European plane maker seeks to break a sales drought that has been eating into a production backlog and threatening the long-term future of its flagship model.
