EDGE Group signed a strategic partnership on 4 September 2024 with the Brazilian Navy to complete the development of the Navy’s National Anti-Ship Missile (MANSUP) by the end of 2025, with the intentions of enhancing the defence capabilities of both Brazil and the United Arab Emirates (UAE).
EDGE originally signed a letter of intent for the deal – worth approximately Dh0.6bn ($164m) – with the Brazilian Navy on 15 November 2023.
Under the terms of the contract, EDGE Group, in collaboration with SIATT, Brazil’s premier smart weapons specialist, will provide the necessary resources to ensure the MANSUP missile system is delivered on schedule for integration into the Brazilian Navy’s new Tamandaré class of stealth frigates. Additionally, the contract outlines the framework for EDGE Group to leverage MANSUP technology and technical data in the development of an extended-range version known as the MANSUP-ER.
Rodrigo Torres, chief financial officer of EDGE Group, expressed his enthusiasm for the partnership, stating, “This program not only strengthens the defense sectors of Brazil and the UAE but also, in collaboration with SIATT, promises benefits beyond missile development.
“They will lead to the establishment of new factories and create numerous job opportunities, fostering growth across the entire industrial base and economy. We are excited to advance our collaboration with the Brazilian and UAE Navies as we expand our family of missile systems and drive transformation within the defence industry,” continued Torres
This partnership represents the latest milestone in an ongoing collaboration between EDGE Group, SIATT, and the Brazilian Navy. Following EDGE Group’s acquisition of a 50% stake in SIATT, the company announced a significant expansion of SIATT’s manufacturing facilities in São Paulo, Brazil. The partnership also includes two major contracts to deliver the MANSUP and MANSUP-ER missiles to the Brazilian Navy and also to the UAE Ministry of Defence.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData