Edge and CMN Naval form EUR 7 bn Abu Dhabi-based shipbuilding JV: State defense firm Edge Group teamed up with European shipbuilding group CMN Naval to establish a joint venture (JV) named AD Naval (ADN), Edge said in a press release. The JV, backed by an existing EUR 7 bn order pipeline, will focus on producing small to mid-size naval vessels, including corvettes, offshore patrol vessels, high-speed interceptors, trimarans, and landing craft.

Who’s doing what? Edge will hold a 51% majority stake in ADN and lead sales, commercial operations, and engineering efforts, while setting up a design bureau to develop and retain intellectual property for future vessel designs. The JV will also integrate Edge’s autonomous air and sea systems and smart weapons into the vessels, and will take advantage of CMN Naval’s global supply chain and logistics support to improve cost efficiency and operational performance. The joint venture aims to serve non-NATO naval forces, with a particular focus on markets across Africa and beyond.

REFRESHER- This is the latest in a series of partnerships for Edge: The company recently inked an agreement with Siatt to supply MANSUP anti-ship missiles for the Brazilian Navy’s frigates. It has also signed an agreement with OSI Maritime Systems to develop an advanced naval bridge system for the UAE. In parallel, Edge is working with Lockheed Martin on chiplet-based processors for defense applications and collaborating with Leonardo to advance defense technologies. The company is also exploring opportunities in tactical land vehicles production for the Middle East and Asia through a partnership with GM Defense. It also has a JV in place with Spain’s Indra Sistemas to develop and manufacture advanced radar systems.

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