How UAE defence giant EDGE Group plans to double its exports
The UAE defence conglomerate has put an aggressive strategy in place to increase its share of exports while navigating the growing gap between East and West.
A J Walter Aviation’s new chief executive, Boris Wolstenholme, has recruited Gareth Cunningham to be the company’s new director of contract services, as well as promoting Andrew Braley to the role of director of business development
Cunningham brings a wealth of experience from his roles at ST Aerospace Solutions, FLS Aerospace and Air 2000 to help AJW focus on developing flexible and robust spares support solutions to assist airlines in challenging economic times.
Working closely with John Avery, director of supply chain services, Cunningham forms part of an AJW commercial team offering flexible component PBH, pooling and serviced leasing options.
In his new role Braley now combines communications, marketing services and sales management. He will be responsible for the development and growth of AJW’s business presence within the global marketplace by focusing on existing commercial relationships and delivering new customers and partners to meet the company’s strategic ambitions.
The UAE defence conglomerate has put an aggressive strategy in place to increase its share of exports while navigating the growing gap between East and West.
The US Congress has raised concerns about how inflation rates and cuts in main acquisition programmes could affect the US military.
Washington’s ageing inventory and the pace Moscow and Beijing have been modernising their capabilities put in check the US Nuclear deterrence.
The Pentagon has been operating under temporary funding since October 2023, which has impacted its main acquisition and development programmes, increasing the capability gap between the US and China.
In 2023, defence spending increased by an unprecedented 11% across European NATO countries and Canada. Since 2014, the group has spent an additional US$600 billion on defence.
The DoD requested nearly US$850 billion to fund operations over the next fiscal year. Despite the amount being 1% higher than the FY2024 budget request, it has not covered the 3% inflation rate, which could impact the DoD’s main programmes in the medium and long term.