Abu Dhabi Ship Building (ADSB) has secured a $950m contract to build four Falaj 3-class Offshore Patrol Vessels (OPVs) for the UAE Navy.
The contract, which is ADSB’s largest ever order, was jointly awarded by the Gulf Arab state’s Ministry of Defence (MOD) and the navy.
According to a Reuters report, the two sides finalised the terms of the award following more than two years of negotiation.
ADSB will build all the four hulls in Abu Dhabi. The Falaj-3 class patrol boats are highly flexible and can be used in wide range of missions.
ADSB is a part of the Platforms & Systems cluster of Edge Group, and operates three main naval programmes- corvettes, offshore patrol vessels and fast patrol boats.
The company has also been associated with the delivery of the UAE Navy’s Baynunah-class corvettes.
ADSB CEO David Massey said: “ADSB’s relationship with key stakeholders has grown stronger since it has become a part of the EDGE Group.
“This contract underscores our mutual commitment to serving the UAE Navy with the right products and advanced shipping solutions to enable a secure future. We look forward to expanding and enhancing our portfolio of vessels.”
Edge Mission Support president and ADSB chairman Khalid Al Breiki said: “This order represents a resounding vote of confidence in ADSB from the MOD and the UAE Navy.
“The contract will provide the company with a platform for sustainable profitable growth, while maintaining strategic national assets that are critical to the defence of the UAE.”