EDGE expands JV with CMN NAVAL

EDGE, one of the world’s leading advanced technology and defence groups, and CMN NAVAL, a world-renowned naval shipbuilding group specialising in the design, engineering, and Construction of superior naval and commercial vessels, and mega yachts, have formally agreed to create a new Abu Dhabi-based shipbuilding joint venture (JV) named AD NAVAL (ADN).

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Leveraging an existing order pipeline worth approximately EUR 7 billion, the JV will bring together both companies under an exclusivity agreement on the segment of high-value small to mid-size naval vessels including Corvettes, Offshore Patrol Vehicles (OPVs), High-speed Interceptors, Trimarans, and Landing Craft.

The move will see EDGE significantly expand the scope of its capabilities in the naval domain.