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.
Lufthansa Technik has extended its Total Component Support TCS to the complete fleet of Embraer E-Jets in service with Lufthansa Regional.
A long-term agreement recently signed with Lufthansa CityLine added further 20 E-190s and E-195s to the contracts already running with Augsburg Airways, which will operate seven aircraft, and Air Dolomiti, which already operates five aircraft.
Under the TCS contract Lufthansa Technik will ensure supply of components for the E-Jets from its dedicated regional aircraft parts pool in Munich. All aspects of support will be covered, from writing the specifications, initial provisioning studies, home base allocation to repair and overhaul, troubleshooting, documentation and engineering services. The contract also includes wheels and brakes support.
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.