UAE Firm to Secure Significant Stake in Israeli Defense Company

In a landmark deal showcasing deepening defense ties between Israel and the UAE, Emirati defense giant EDGE Group is set to acquire a 30% stake in Israeli security company Third Eye Systems for over $10 million. The agreement, still awaiting Israeli Defense Ministry approval, highlights growing military technology cooperation between the two nations.

Beyond the initial investment, EDGE Group plans to establish a joint venture with Third Eye Systems, focusing on electro-optical identification systems. EDGE will contribute an additional $12 million, securing a controlling 51% stake, while Third Eye Systems will hold 43%, and an undisclosed entity will control the remaining 6%.

Third Eye Systems, led by retired Major General Didi Yaari, specializes in smart camera technology for detecting UAVs and drones. Its clients include Israel’s Ministry of Defense, Israel Aerospace Industries, and Elbit Systems. Following the announcement, the company’s stock surged 23%, reflecting investor confidence in the partnership.

EDGE Group, one of the world’s leading manufacturers of precision-guided munitions, has expanded its global defense portfolio in recent years. In 2021, it signed a deal with Israel Aerospace Industries to co-develop autonomous naval vessels for military and commercial applications.

The potential sale marks another step in the strengthening security relationship between Israel and the UAE, a partnership made possible by the historic Abraham Accords. If approved, the deal will further integrate Israeli defense technology into the Gulf region, solidifying both nations’ roles as key players in global military innovation.

Stay updated or subscribe to our newsletter or share this article.