MBDA Italia, Qatar Emiri Navy Sign 1 Billion Euro Contract

photo: MBDA30.06.2016 Qatar
MBDA Italia, Qatar Emiri Navy Sign 1 Billion Euro Contract

MBDA Italia, Qatar Emiri Navy Sign 1 Billion Euro Contract

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MBDA Italia signed on Wednesday a contract worth more than 1 billion euros to supply the Qatar Emiri Naval Forces (QENF) with missiles for their new naval vessels recently procured from Fincantieri.

In this respect, MBDA will be supplying the QENF in due course with Exocet MM40 Block 3 anti-ship missiles as well as Aster 30 Block 1 and VL MICA air defense missiles.

Today’s contract signature follows the Letter of Award which was signed in Rome on 16th June within the framework of a Government to Government agreement signed between the Ministry of Defense of Italy and that of Qatar.

Antonio Perfetti, Managing Director MBDA Italia and Executive Group Director Sales & Business Development MBDA, commented: “This contract represents a further confirmation of the significant role that MBDA plays in the missile sector, not only in Europe, but also worldwide. It is proof of MBDA’s capability, thanks to its very comprehensive portfolio of world class solutions, of being able to address the most stringent and diverse of customer missile systems requirements. The contract consolidates MBDA’s highly valued partnership with Qatar and is further proof also of the value of the solutions offered by the Company to meet its customers’ requirements.”

With a significant presence in five European countries and within the USA, in 2015 MBDA achieved a turnover of € 2.9 billion with an order book of € 15.1 billion. With more than 90 armed forces customers in the world, MBDA is a world leader in missiles and missile systems.

MBDA is the only European group capable of designing and producing missiles and missile systems that correspond to the full range of current and future operational needs of the three armed forces (land, sea and air). In total, the group offers a range of 45 missile systems and countermeasures products already in operational service and more than 15 others currently in development.

MBDA is owned jointly by Airbus Group (37.5%), BAE Systems (37.5%), and Leonardo-Finmeccanica (25%).

Photo: Qatari Naval Commander Major General Mohammed Nasser Al Mohannadi and Managing Director MBDA Italia Antonio Perfetti shake hands after the contract signature



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