Gamco Thales Systems formed

Thales and Gulf Aircraft Maintenance Co (Gamco) have created Gamco Thales Systems, a joint venture company based in the United Arab Emirates (UAE) with the ability to locally manage integration of high tech electronic systems for defence and aeronautics as well as providing maintenance and after-sales support of systems and training of system users.

Gamco Thales Systems will provide for technical and industrial development, integrated logistic support, maintenance and repairas well as operational training activities.

The new company is based in Abu Dhabi. Gamco holds 51 % of the capital and Thales the remaining 49 %. The company is managed by a 4-member board of directors, two of each shareholder. Gamco Thales Systems will primarily focus on defense and aerospace electronics business in the UAE.

With a defence budget exceeding US$1.5 billion per year, the UAE has one of the most technologically advanced forces in the world. The partners have already identified opportunities to participate in the integration installation of a land communication system and in several aircraft-related programmes.

"The Gamco-Thales Joint Venture is a unique opportunity for Gamco to strengthen its positioning in the fast growing segment of electronics for defence and aerospace technologies", commented H.P. Dr Sheikh Ahmed Bin Saif Al Nahyan, Chairman of Gamco.His excellency added, "this joint venture is a response to the request of H.H. Sheikh Mohamed Bin Zayed Al Nahyan to "bring technologies", to the UAE".

"This key partnership with Gamco is fully in line with Thales' approach of being a multidomestic company, with a strong industrial presence on its main markets", said Jean-Paul Perrier, Executive Vice President and Chief Marketing Officer, responsible for Thales International.

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