Search DubaiPRNetwork.com

Dubai and UAE
Home >> Events, Entertainment and Exhibitions

Arab International Optronics, National Service Projects Organization and Thales signed a Joint Venture Agreement during Egypt Defense EXPO

Arab International Optronics, National Service Projects Organization and Thales signed a Joint Venture Agreement during Egypt Defense EXPO

Thursday, December 7, 2023/ Editor -  

Share

Home >> Events, Entertainment and Exhibitions
• Thales has a long-standing partnership with the Egyptian Ministry of Defense, supplying various defense systems for different platforms across all domains: Land, Sea, Air, and Space.
• Since 1973, Thales has developed a strategic partnership with the Egyptian Ministry of Defense encompassing a transfer of technology and local manufacturing of defense-related systems.
 
7th December 2023 - During the Egypt Defense Expo (EDEX), Thales signed an agreement with the National Service Products organization to renew the Arab International Optronics Joint Venture ( AIO).
The joint venture agreement was signed by Gen. Tarek Saad Zaghloul Chairman of Arab International Optronics and Pascale Sourisse, President and CEO of Thales International.
 
This joint venture agreement is in line with Egypt’s localization strategy through knowledge transfers for land-based defense optronics equipments. The local production of LUCIE night vision goggle has been launched in the frame of the joint venture agreement. LUCIE is a compact and rugged image intensified night vision bi-ocular. 
In 1982, the National Service Products Organization (NSPO) and Thales formed a joint venture called Arab International Optronics (AIO). AIO is an Egyptian joint stock company, owned 49% by Thales and 51% by the National Service Products Organization. AIO has been supplying to Egypt optical and optronic equipment for 35 years. Today, AIO employs more than 400 employees. 
 
“The signature of this Joint Venture Agreement is a significant milestone to reinforce the strategic cooperation between AIO and Thales.  Through this agreement AIO and Thales will combine their strengths to encourage innovation, enhance technological capabilities, and secure mutual success to the benefit of our esteemed customers.”  said Major General / Tarek Saad Zaghloul, Chairman of AIO. 
 
“We are honored to renew this significant and important partnership with AIO to localize a wide range of defense products including optronics equipments. Thales is committed to support Egypt military production capabilities in line with Egypt Vision 2030. This agreement reflects Thales localization strategy in the country.” said Pascale Sourisse, President and CEO of Thales International. 

Previous in Events, Entertainment and Exhibitions

Next in Events, Entertainment and Exhibitions


Home >> Events, Entertainment and Exhibitions Section

Latest Press Release

Dubai Land Department signed a Memorandum of Cooperation with Dubai Holding to e ...

Mohammed Bin Rashid Library Opens Registration for Dubai International Library C ...

Dubai Civil Aviation Authority Shows Significant Growth in Drone Ecosystem durin ...

H.E. Bin Touq meets with his Estonian counterpart to discuss strengthening of ec ...

DXB and CRANK take fitness to new heights with high-energy runway ride

The manchester city champions 4-in-a-row trophy tour presented by etihad airways ...

Tanishq Unveils the Nav-Raani Collection - A Festive Tribute to Modern Queens

UAE-France Energy Days: Unlocking Artificial Intelligence and Digitalization to ...

Hotel Indigo Dubai Downtown proud to join Forbes Middle East Sustainability Lead ...

Dubai Schools Games Launches 2024-25 Season with Midea as Title Sponsor

Dubai Jewellery Group Unveils Dazzling Diwali Campaign, Offering Customers AED 1 ...

Mohammad Al Gergawi: AMGFC24 cements UAE's role as a global hub for partnerships ...

Dubai Customs innovates: Aramex partners to leverage pioneering “Seamless Inspec ...

Dubai Health Authority Launches Advanced New Version of DHA App to Enhance Custo ...

New gaza food security assessment sees famine risk persisting amid ongoing fight ...

New Hunger Data From Gaza Shows Continued Famine Risk Amid Ongoing Fighting and ...

Dubai Land Department collaborates with Dubai Courts and Digital Dubai to develo ...

Dubai Airports takes wellness to new heights with a month-long campaign

Global Village welcomes guests this Season 29 with a spectacular opening

Dubai T100 triathlon welcomes patronage of h.h. sheikh mansoor bin mohammed bin ...