Emirates Defence Industries Company
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Defence Defense or defence may refer to: Tactical, martial, and political acts or groups * Defense (military), forces primarily intended for warfare * Civil defense, the organizing of civilians to deal with emergencies or enemy attacks * Defense indus ...
, successor =
EDGE Group EDGE Group ( ar, مجموعة إيدج) is a United Arab Emirates (UAE) state-owned conglomeration of 25 companies to provide military weaponry and related technologies. It is headquartered in the UAE. History On 5 November 2019, the EDGE group ...
, founded = , founder = , hq_location_city = Abu Dhabi , hq_location_country =
United Arab Emirates The United Arab Emirates (UAE; ar, اَلْإِمَارَات الْعَرَبِيَة الْمُتَحِدَة ), or simply the Emirates ( ar, الِْإمَارَات ), is a country in Western Asia ( The Middle East). It is located at t ...
, area_served = worldwide , key_people = Homaid Al Shemmari ( Chairman)
Luc Vigneron ( CEO) , revenue = , revenue_year = , operating_income = , income_year = , net_income = , net_income_year = , assets = , assets_year = , owner =
Mubadala Development Company Mubadala Investment Company PJSC ( ar, شركة مبادلة للاستثمار), or simply Mubadala, is an Emirati state-owned holding company that acts as a sovereign wealth fund. The company was established in 2017 when then-named Mubadala Dev ...
(60%)
Tawazun Holding , num_employees = , num_employees_year = , homepage
www.edic.ae
, footnotes = Emirates Defence Industries Company (EDIC) was a defence industry
holding company A holding company is a company whose primary business is holding a controlling interest in the securities of other companies. A holding company usually does not produce goods or services itself. Its purpose is to own shares of other companies ...
. In November 2019, the holding company was absorbed into
EDGE Group EDGE Group ( ar, مجموعة إيدج) is a United Arab Emirates (UAE) state-owned conglomeration of 25 companies to provide military weaponry and related technologies. It is headquartered in the UAE. History On 5 November 2019, the EDGE group ...
.


History

In 2014, the defence services and manufacturing entity was initiated in the form of a merger of 11 defence companies who are subsidiaries of Mubadala Development, Tawazun Holding and Emirates Advanced Invest Group. EDIC was jointly owned by the Mubadala Development Company, an investment fund of the
Emirate of Abu Dhabi The Emirate of Abu Dhabi (, , or ; ar, إِمَارَةْ أَبُوظَبِي , ) is one of seven emirates that constitute the United Arab Emirates (UAE). It is by far the largest emirate, accounting for 87% of the nation's total land area o ...
(60%) and Tawazun Holding.


References

{{reflist Manufacturing companies based in Abu Dhabi Defence companies of the United Arab Emirates 2019 disestablishments in the United Arab Emirates Emirati companies established in 2014 Manufacturing companies established in 2014 Holding companies established in 2014 Former defence companies