![EDGE Signs Agreement with PT Pindad for Ammunition Production Line](http://www.dubaiprnetwork.com/press_images/179089-1.jpg)
EDGE Signs Agreement with PT Pindad for Ammunition Production Line
Abu Dhabi, UAE: 14 May 2024 – EDGE, one of the world’s leading advanced technology and defence groups, signed a USD 27 million (AED 99 million) agreement today to supply an ammunition production line to PT Pindad, an Indonesian state-owned enterprise and one of Asia’s leading defence manufacturers.
The agreement is for the production of 5.56x45mm and 7.62x51mm calibre ammunition, and is aligned with the Indonesian Ministry of Defence’s objective to increase local job creation and sovereign manufacturing capabilities. The ammunition facility is scheduled to commence production in 2026.
The agreement is part of an ongoing effort between both countries that aims to increase bilateral trade to USD 10 billion by 2030 under the Comprehensive Economic Partnership Agreement.
Home >> Business and Economy Section
Turkish Airlines Sets Guinness World Records™ title for the “Most Countries Flow ...
Hamleys unveils an enchanting Elf Christmas Market, offering families in UAE a m ...
Abu Dhabi Trading Regulatory Committee for Petroleum Products Issues First of it ...
Dubai Health Authority Promotes Quality of Life in Schools with Major Interactiv ...
MBRF signs MoU with Canadian University Dubai to promote exchange of knowledge
Dubai Culture Announces 4th Hatta Cultural Nights Programme of Cultural & Herita ...
DOSC Winter Regatta & IRC Middle East Championships Concludes with Climactic Fin ...
Diamind Presents The Ultimate Festive Gift Guide: Sparkle This Season With Lab- ...
Premier Inn Dubai Dragon Mart celebrates Fifth Anniversary
Uae racing driver sofia necchi qualifies in dubai for the innaugural formula wom ...
SHEGLAM and Lifestyle at Centrepoint Mark One Year of Partnership in the Middle ...
MAX&Co. Unveils Festive Collection: A Celebration of Red Elegance
Abu Dhabi Stem Cells Center Successfully Performs First CAR-T Cell Therapy to Tr ...
Relocate pets and ship cars for less with Emirates Skywards
Medlab Middle East to spotlight the rise of patient-centric healthcare
Dubai Municipality wins Football's Title of the 6th Labor Sports Tournament
DXB creates magical holiday memories for travellers
Wizz air abu dhabi launches a new route to bucharest băneasa airport from m ...
Dubai Health Authority Highlights AI Drive and Diagnostic Advancements in Health ...