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.
Panasonic Avionics Corporation has been selected to provide inflight entertainment systems on three Airbus A320s owned by Tel Aviv-based Israir Airlines.
The aircraft are being equipped with the Panasonic Digital Multiplexed Passenger Entertainment System (DMPES), an overhead system. One aircraft has already been outfitted.
Panasonic’s DMPES is an audio and video distribution inflight entertainment system for narrowbody aircraft such as the A320. The system incorporates Panasonic's X Series System, which reduces space, weight and power when compared with traditional overhead systems. The 10.4" touchscreen crew panel has been developed to provide a user-friendly and easy access point for the crew.
"We are very pleased to have Israir as a new customer and are looking forward to working closely with them to manage and support their IFEC system," remarked Paul Margis, chief executive officer of Panasonic Avionics. "Israir's selection of Panasonic's inflight entertainment system will help strengthen the airline's competitive advantage by taking the inflight experience to a higher level for its passengers."
"We are very impressed with Panasonic's global support network, and having local support based in Tel Aviv was important in our decision to choose the Panasonic DMPES," explained Tamir Jacoby, service manager at Israir. "Also, the quality and innovation of the product is in line with the high expectations of our passengers, who want a rich and seamless ground-to-air inflight entertainment experience."
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.