VOL. XLVII

No 01

5-January-2004

MILITARY FINANCE

ADSB Wins $500Mn UAE Navy Contract

The Abu Dhabi Ship Building (ADSB) company has won a $500mn contract to build six warships for the UAE navy using French technology. The contract involves the design and construction of the 70ms-long corvettes (known as the Baynunah class), which will be equipped with combat systems including missiles. The ships will be designed by the French shipbuilder Constructions Mecaniques de Normandie (CMN), which will also...