The United Arab Emirate’s EDGE Group has acquired a 50% stake in Brazil’s SIATT smart weapons firm, marking its latest expansion into the Brazilian and broader Latin American market. This move is a continuation of EDGE’s strategic growth in the region, with the conglomerate aiming to be a key player in high-tech defense systems. The partnership also capitalizes on EDGE’s previous collaboration with SIATT, relating to the MANSUP national anti-ship missile project.
  

Key Points: 

1. The UAE’s EDGE Group has purchased half of the shares of SIATT, a Brazilian smart weapons firm.
2. EDGE has been making strategic investments in Brazil, signaling its aggressive expansion in the Latin American defense sector.
3. The collaboration with SIATT is intended to focus on the development and manufacturing of next-generation smart weapons and solutions.
4. Previously, EDGE and SIATT had entered into a co-development agreement involving missile technology for the Brazilian Navy.
5. SIATT believes the investment from EDGE will aid in the joint development of advanced smart weapons solutions catering to both nations’ defense requirements.

Source: https://breakingdefense.com/2023/09/uae-defense-giant-buys-into-brazilian-smart-weapons-specialist-in-latest-latin-american-move/