"Edge" and"Exchange Income Corporation" They strengthen their cooperation in the fields of aviation and defense

DUBAI, 21st November / WAM / EDGE, one of the most prominent advanced technology and defense groups in the world, announced the signing of a memorandum of understanding with the Exchange Income Corporation – EIC and the Toronto Stock Exchange – EIF, aiming to build on the capabilities of the two institutions in the fields of aerospace, defense and advanced technology.

The new cooperation brings together the expertise of EIC and its subsidiary, PAL Aerospace, in developing manned aircraft for special missions and mission management systems, and EDGE’s leadership in developing unmanned aerial systems and artificial intelligence, while these enhanced capabilities integrate with Canada’s evolving defense priorities, and with EDGE’s mission to support and enhance sovereign defense capabilities.

This memorandum contributes to strengthening cooperation between the UAE and Canada, and supporting the development of assets designated for special tasks that are operated according to the “Contractor Owns and Operates – COCO” model.

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