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UAE defence conglomerate Edge plans to boost revenue by more than 15 per cent this year with a fresh product line-up and expansion into new export markets, its chief executive said.
The company, which recorded sales of $5 billion last year, will target markets in Asia, Africa, Eastern Europe and south America, Faisal al-Bannai, Edge group chief executive and managing director, told
The National on Thursday.
A product mix including missile technology and loitering ammunition will help drive its revenue targets in 2021. Between 2021 and 2023, we see healthy growth due to a line-up of products that we’ve announced, Mr Al Bannai said on the sidelines of the International Defence Exhibition and Conference (Idex). We’re going to have healthy growth of above 15 per cent in 2021.”