Italy's Leonardo launches joint venture with UAE defence firm

Italian defence group Leonardo said Wednesday it had agreed to launch a joint venture next year with the United Arab Emirates' state-owned defence conglomerate EDGE Group.

Details of the sectors covered by the joint venture, which would be 51 percent owned by EDGE and 49 percent by Leonardo and based in Abu Dhabi, have yet to be announced.

But it will cover a range of Leonardo's solutions "spanning sensors, system integration, and platforms", the Italian group said in a statement.

Leonardo, in which the Italian government holds a 30.2 percent stake, is known for its helicopters and their electronics, as well as for cyber, security and space products.

"By collaborating across several critical domains including air, land, sea

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