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.
Dunlop Aircraft Tyres has landed a three-year contract worth more than £1 million with UK-based low-fare airline bmibaby.
The agreement will see the tyre manufacturer exclusively supply the airline with nosewheel and main wheel tyres for its fleet of Boeing 737-300s and 737-500s.
Bmibaby operates services from the UK to holiday and business destinations across Europe. The company is a long-standing Dunlop Aircraft Tyres customer and under this new agreement the airline will receive new and retreaded tyres.
“Naturally we are delighted to win all contracts, but it is especially rewarding to retain important customers such as bmibaby,” remarked Dunlop Aircraft Tyres’ chairman, Ian Edmondson. “We operate in a competitive marketplace and can only secure this level of business with major airlines by continually delivering excellent, reliable products and strong after-sales support. This contract is not only a vote of confidence in Dunlop’s ability to deliver in the future but also acknowledges our success to date.”
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.