EDGE and Fincantieri have signed an agreement today formalising the launch of MAESTRAL an Abu Dhabi-based shipbuilding Joint Venture (JV) between both companies.

UAE's EDGE Group and Italian shipbuilder Fincantieri launched a naval manufacturing Joint Venture worth an estimated 30 billion euros.

EDGE has announced the sale of extended-range National Surface Anti-Ship Missiles (MANSUP-ER), and the sale of the shorter-range version of the advanced system, to the Brazilian Navy in a deal worth approximately AED 0.6 billion (~$163.3 million).