UAE military signs contract worth USD 1.58 billion with international firms at IDEX

The United Arab Emirates' armed forces signed 5.8 billion dirhams ($1.58 billion) in contracts with international companies on Monday at the IDEX military exhibition, spokesman Brigadier General Mohammed al-Hassani said. The contracts include a 5.3 billion dirham deal with Raytheon, al-Hassani said. The UAE armed forces also signed contracts with local companies worth 1.14 billion dirhams. ($1 = 3.6728 UAE dirham)