Sign in
Edge Group and Indra Sistemas set up radar manufacturing JV: IHC-backed defense company Edge Group and Spain’s Indra Sistemas formalized their Abu Dhabi-based joint venture (JV) partnership, Pulse, to develop and manufacture advanced radar systems, according to a press release.
We already knew this was in the works: The two companies agreed to form the JV earlier this year, with a target to generate orders for around 300 units from clients beyond NATO and the EU.
What will the JV do? Pulse will focus on the engineering, development, manufacturing, integration, and maintenance of current and future radar systems and their components.The JV will also establish advanced research infrastructure and testing facilities in the UAE.
The JV will consist of two entities: one focused on the design, integration, sales, and maintenance of radar systems, with Indra holding a 50.01% stake and Edge holding a 49.99% stake, while the other will be responsible for manufacturing these systems in a new facility in Abu Dhabi, with Edge owning 50.01% of the entity and Indra owning 49.99%.
Looking ahead: Pulse will also have preferential rights over current and future radar orders awarded to either company, with plans to market their products in other “high-potential markets.
