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Elettronica and Etimad Holding Sign Deal to Establish UAE ILS Hub for EW systems

Our Bureau - : Feb 23, 2023 - : 2:07 am

Elettronica (ELT) and Etimad Holding (EH) have signed a Strategic Partnership for the establishment of ILS Hub for electronic warfare (EW) systems in UAE.

Elettronica will cooperate with EH and its subsidiaries to establish in UAE an Integrated Logistic Hub for EW systems. EH and its subsidiaries will provide repair and maintenance of the Elettronica’s system along with the Italian company and help the company sell its products in the region. The two parties will also jointly cooperate for the localization of the system integration and command and control of Elettronica’s sensor and actuators.

“Our relationship with UAE is very deep and we keep working to make it stronger,” said Enzo Benigni, President and CEO of Elettronica. “That’s why I’m honoured to sign this Strategic Partnership Agreement with Etimad, a very important holding based in UAE. Signing this agreement is only a step forward. We will keep cooperating, sharing and enriching our capabilities.”

“By signing this agreement, Etimad expands its strategic partnership with the purpose of adding in-country value to UAE,” said Khalid Al-Ali, Etimad Holding CEO. “This agreement is the first milestone in a long-term strategic cooperation between Elettronica and Etimad. I’m pleased to have Elettronica as our partner and look forward to our cooperation.”

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