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EDGE, Fincantieri Partner on Advanced Underwater Systems

Our Bureau - : Nov 5, 2024 - : 7:07 pm

EDGE, a prominent UAE-based technology and defence group, has entered a Memorandum of Understanding (MoU) with Italian shipbuilder Fincantieri to explore collaborative opportunities in underwater systems. This agreement was signed at the EURONAVAL defence exhibition in Paris, marking the beginning of joint efforts to design and develop advanced manned and unmanned underwater systems through their Abu Dhabi-based joint venture, MAESTRAL.

The MoU establishes a framework for EDGE’s first foray into underwater technology, aiming to leverage shared technical expertise to develop underwater solutions suited to the needs of naval forces globally. The initiative supports the UAE’s ambitions in enhancing sovereign defence capabilities and producing interoperable systems that meet diverse operational requirements.

Pierroberto Folgiero, Fincantieri CEO and Managing Director, said: “This agreement between Fincantieri and EDGE underscores a commitment to pioneering advancements in underwater technologies, combining engineering excellence with a forward-thinking approach. The underwater domain presents unique challenges, from fluid dynamics to communication and autonomy, which demand innovative and resilient solutions. Together, we aim to develop systems that meet the highest standards of interoperability, addressing critical needs within both the defence and energy sectors. Our efforts are dedicated to setting new benchmarks in safety, resilience, and environmental responsibility in underwater operations, contributing significantly to both national capabilities and global maritime security”.

Hamad Al Marar, Managing Director & CEO, EDGE, said: “In just five years, EDGE has boldly expanded its reach across every domain of advanced technology and defence. From the outset, we recognised that only through collaboration and partnership could we develop the technologies and expertise necessary for EDGE to lead in the air, land, sea, cyber, and space domains. Our ongoing partnership with Fincantieri exemplifies this strategy, opening limitless opportunities for both companies in the joint development and production of advanced surface and underwater naval solutions”.

The MAESTRAL joint venture will focus on commercial, sales, and engineering activities for surface and underwater vessels, with plans to generate employment opportunities for skilled professionals from both local and international backgrounds. This partnership is expected to support national and regional defence sectors, providing advanced naval solutions while building technical capacities within the UAE.

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