MBDA bets on local tie-up with BMT
MBDA’s joint venture with Abu Dhabi-based Baynuna Aviation Technology, dubbed Baynuna MBDA Missile Technologies (BMT), has just been incorporated.
MBDA’s joint venture with Abu Dhabi-based Baynuna Aviation Technology, dubbed Baynuna MBDA Missile Technologies (BMT), has just been incorporated. It was announced in February as a 49-51 effort between the European missile manufacturer and the local company. The idea is to show the United Arab Emirates there is a full commitment to work with them and transfer some technologies, hopefully helping sales campaigns in the process, according to MBDA export sales v-p Florent Duleux.
“We are now physically settling in the region,” Duleux told AIN. BMT is headquartered in Abu Dhabi and will have facilities near either Abu Dhabi or Al Ain. Khaled Al Bu-Ainain, Baynuna’s CEO also serves as the venture’s CEO.
