Abu Dhabi companies close to defence merger | The National:
"The Abu Dhabi-based investment companies Mubadala, Tawazun Holding and Emirates Advanced Investments yesterday came one step closer to merging their defence services businesses, after signing an agreement to explore the advantages of a new partnership.
The three companies signed a memorandum of understanding at the International Exhibition for Security and National Resilience in Abu Dhabi.
“There is a clear opportunity to combine our related assets to the benefit of the UAE’s wider defence sector, as well as our local and international customers,” said Homaid Al Shemmari, the chief executive of Aerospace and Engineering services at Mubadala Development Company."
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