A contract signed in the summer to supply the Falcon Eye spy satellite to the United Arab Emirates has gone into effect, Airbus Defence and Space said on Tuesday.
The deal has been long awaited as a previous high-profile $930 million contract signed last year between the UAE and France had lapsed before going into effect. Abu Dhabi looked to obtain technology transfer as gulf state officials renegotiated the space contract.
“The contract was officially signed by the United Arab Emirates in August 2014 and is now entering into force,” Airbus Defence and Space said in statement. The Airbus unit is lead in the industrial team, while Thales Alenia Space is co-prime contractor. […]