EDGE-Fincantieri MoU for underwater solutions: Abu Dhabi, UAE / Trieste, Italy / Paris, France – November 5, 2024 – EDGE, a global leader in advanced technology and defense, and Fincantieri, a world-renowned shipbuilding powerhouse, have announced a strategic partnership to revolutionize the underwater sector. The two companies have signed a Memorandum of Understanding (MoU) to collaborate on the design, development, and construction of cutting-edge underwater systems.
The partnership will leverage the combined expertise of both companies to create innovative solutions tailored to the specific needs of military navies worldwide. The Joint Venture MAESTRAL, based in Abu Dhabi, will spearhead this initiative, focusing on sales, commercial operations, engineering, and design support for ships and underwater systems.
A Shared Vision for the Future of Underwater Technology
Pierroberto Folgiero, CEO and General Manager of Fincantieri, expressed enthusiasm about the collaboration: “The agreement between Fincantieri and EDGE underscores our commitment to pioneering advancements in underwater technologies. By combining engineering excellence with a forward-thinking approach, we aim to address the unique challenges of fluid dynamics, communication, and autonomy in the underwater domain. Together, we will develop systems that meet the highest standards of interoperability and performance, while prioritizing safety, resilience, and environmental responsibility.”
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Hamad Al Marar, CEO and General Manager of EDGE, said: “In just five years, EDGE has boldly expanded its presence across various advanced technology and defense sectors. We believe that collaboration and partnership are essential to developing the technologies and skills required to establish ourselves as a global leader. Our partnership with Fincantieri exemplifies this strategy, opening up limitless opportunities for both companies in the joint development and production of advanced naval solutions.”
A Strategic Move to Boost UAE’s Defense Capabilities
The collaboration between EDGE and Fincantieri is poised to significantly enhance the United Arab Emirates’ sovereign capabilities in state-of-the-art defense technologies. By sharing expertise and resources, the two companies will develop a range of innovative and interoperable products, both manned and unmanned, to meet the evolving needs of modern navies.
The MoU was formally signed by Hamad Al Marar and Pierroberto Folgiero during the EURONAVAL exhibition in Paris, in the presence of Khaled Al Zaabi, President – Platforms & Systems, EDGE, and Dario Deste, General Manager of the Military Ships Division of Fincantieri.
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A Bright Future for MAESTRAL
The Joint Venture MAESTRAL will play a pivotal role in this strategic partnership. By offering a wide range of services and attracting top talent from around the world, MAESTRAL aims to contribute to the growth and development of the UAE’s defense industry.
As EDGE and Fincantieri embark on this exciting journey, the future of underwater technology looks promising. The collaboration between these two industry giants is set to redefine the standards of innovation and performance in the maritime domain.
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