Agreement on Joint Development and Equipping the Rocket System ALAS Signed
(Source: Serbia Ministry of Defence; issued Feb. 18, 2013)
A mock-up of the ALAS cruise missile exhibited on the Serbian stand at the IDEX trade show in Abu Dhabi. (Serbian MoD photo)
First Deputy Prime Minister and Defence Minister Aleksandar Vucic attended today in Abu Dhabi the signing of contracts between Jugoimport SDPR and company Emirates Advanced Research and Technology Holding (EARTH) to jointly develop and equip the ALAS rocket system.
This is a significant moment for Serbian missile industry and factories, such as Krusik, Teleoptik and UTVA. The contract for the joint development of a missile system ALAS defines a new generation of missile systems and missiles of similar and greater range, thus preceding the agreement on joint production and delivery of large quantities of rockets, missiles and the entire systems and all its components.
The agreement was signed by Jugoslav Petkovic, director of Jugoimport SDPR and Salem al Abri, one of the directors of the company EARTH.
"This is a big investment that will significantly speed up the current process and new technological capabilities in the field of sophisticated missile technology, and the development of sensors for missile guidance and control," said the deputy director of Jugoimport SDPR Nenad Miloradovic after signing contract.
Serbia’s Yugoimport Agrees Missile Deal with Emirates’ Earth
(Source: Bloomberg; published Feb 18, 2013)
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.
Production of the missiles, with a range of as much as 60 kilometers (38 miles), will involve Serbia’s arms maker Krusik and aircraft manufacturer Utva, the defense ministry said.
Serbia and the United Arab Emirates yesterday signed agreements on strategic partnership, protection of mutual investments and defense cooperation. The Balkan country has sought multibillion-euro investment from the Gulf state, including in agriculture and information technology.