RE­SEARCH & DE­VEL­OP­MENT EOS to in­vest $54.5m in de­fense sys­tems for MENA

Arab News - - Business News -

Abu Dhabi-based EOS Ad­vanced Tech­nolo­gies LLC has un­veiled am­bi­tious plans to in­vest 200 mil­lion dirhams ($54.5 mil­lion) in the re­search and de­vel­op­ment (R&D) of next-gen­er­a­tion de­fense sys­tems for the Mid­dle East and North Africa (MENA) re­gion through­out the year 2021.

Abdul Rah­man Ab­dul­lah AlBlooshi, CEO of EOS, said: “We are tar­get­ing new promis­ing mar­kets in this re­gion with R&D projects as part of our $1 bil­lion global in­vest­ments in the much-needed state-ofthe-art de­fense tech­nolo­gies.

“We are also keen to at­tract tal­ented young Emi­rati’s to as­sist them to de­velop their ca­pa­bil­i­ties in R&D, and be a nu­cleus for the UAE’s fu­ture in­dus­try in this vi­tal area.”

EOS re­cently suc­cess­fully fired anti-tank mis­siles and a 30 mm can­non from their R400S-Mk2 re­mote weapon sta­tion (RWS) mounted on a high-mo­bil­ity mul­ti­pur­pose wheeled ve­hi­cle (HMMWV). The fir­ings, con­ducted at the Red­stone Test Cen­ter, Alabama, US, were part of a R&D pro­ject in­volv­ing EOS De­fense Sys­tems USA and the Javelin Joint Ven­ture (a part­ner­ship of Raytheon Tech­nolo­gies and Lock­heed Martin). The team worked to­gether to fully in­te­grate the Javelin with EOS’ RWS within 10 months. At the shoot the US Army supplied the Javelin mis­siles and the Northrop Grum

EOS re­cently suc­cess­fully fired anti-tank mis­siles and a 30 mm can­non from their R400S-Mk2 re­mote weapon sta­tion mounted on a high-mo­bil­ity mul­ti­pur­pose wheeled ve­hi­cle, in fir­ings con­ducted at the Red­stone Test Cen­ter, Alabama, US.

We look for­ward to fur­ther ad­vanc­ing Sharjah’s rep­u­ta­tion as a vibrant startup hub — one that is home to high-im­pact ven­tures that con­trib­ute to our com­mu­ni­ties. Na­jla Al-Midfa CEO of Sheraa

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