04 Apr A contract worth 316 million from the UAE for Piaggio Aerospace

Economic relations continue between Italy and the United Arab Emirates. The latest, in chronological order bears the mark of the Armed Forces of the United Arab Emirates.

It consists of a contract with ADASI (Abu Dhabi Autonomous Systems Investments) for the acquisition of eight P.1HH HammerHead, unmanned aerial vehicles (UAVs) designed and manufactured by Piaggio Aerospace.

The signed agreement was announced by the Italian company, highlighting the fact that it is a deal amounting to 316 million euro. For the Ligurian aerospace company, entirely controlled by Mubadala Development Company, it consists of a fundamental contract for its economic survival. The company, in fact, is experiencing economic and financial difficulties.