Baynuna Aviation Technology and Thales announced today that their Joint Venture company: Thalbat Advanced technologies LLC, is now firmly established.
Baynuna Aviation Technology and Thales will hold respectively 51% and 49% of the company, which will be headquartered in Abu Dhabi and managed by an Executive Committee of five members.
This newly created JV in the field of defence, aims at giving technical and technological support to the United Emirates Air Force in the field of onboard electronics, in particular sensors and avionics systems.
“The JV company is now officially established in the United Arab Emirates and aims to extend its services and product lines throughout the region, as well as contributing to building the UAE’s own industrial defence capabilities in advanced avionics systems”, commented General Khaled Al Bu-Ainain, former Air Force Air defence Commander of UAE Armed Forces, and CEO of Baynuna Aviation Technology.
Initially, Thalbat will contribute to the delivery of logistics support and services for all electronic equipment onboard the existing Mirage 2000-9.
At a later date, future systems and projects could be developed and produced locally, where the key advantage would include local support over the lifetime of the product. The projects and products made in the United Arab Emirates could, for some of them, also be eligible to help meet Thales’s offset obligations within the framework of any major future contracts.