Italy's Alenia wins $1.29bn-worth UAE deal
Italy's Finmeccanica unit Alenia bags €1m deal to provide UAE with 48 military training aircraft.
Italy's Finmeccanica unit Alenia has won a deal worth about one billion euros ($1.29bn) to provide the UAE with 48 military training aircraft.
"Alenia will supply the UAE air force and air defence with 48 aircraft to cover the requirements of lead and combat air support," said Major General Obaid Al Ketbi, chairman of the IDEX defence exhibition in Abu Dhabi.
Ketibi did not give the value of the deal but an Alenia official told Reuters it will be in excess of one billion euros.
"Final contractual agreements will be signed very soon," Ketbi said. (Reuters)