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Tuesday, November 19, 2013
UAE To Beef Up Stake In New Italian UAV Development
The UAE will increase its stake in the development of the Hammerhead unmanned Aerial System (UAS) after Mubadala, a Abu Dhabi-based company, revealed that it has increased its stake in Piaggio Aero from 33 to 41 percent on November 12.
The announcement only days after Selex ES and partner Piaggio Aero announced at the Dubai Air Show that the HammerHead Unmanned Aerial System (UAS) completed its first demonstration and validation phase of the programme with its maiden flight.
“We believe there is a huge potential in the market. This is a sector that is growing very, very fast.
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