Serbia’s Yugoimport Agrees on Missile Deal With Emirates’ Earth
This article is for subscribers only.
Yugoimport SPDR, Serbia’s biggest defense company, and a unit of Emirates Advance Investments Group signed a contract to develop light cruise missiles in the Balkan country.
Yugoimport, based in Belgrade, agreed the deal with Emirates Advanced Research and Technology Holding LLC, or Earth, in Abu Dhabi today which may lead to “joint production and deliveries of large quantities” of missiles and related equipment, Serbia’s Defense Ministry said in an e-mailed statement. The contract is worth more than 200 million euros ($267 million), with an initial 24 million euros from the Abu Dhabi-based company due within weeks, the government said on its website.