Tuesday, 02 January 2024 12:17 GMT

EDGE And Exchange Income Corporation To Advance Cooperation In Aerospace And Defence


(MENAFN- Mid-East Info)



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Abu Dhabi, UAE:November 2025 – EDGE, one of the world's leading advanced technology and defence groups, and Exchange Income Corporation (TSX:EIF) (“EIC” or“the Corporation”), have signed a Memorandum of Understanding (MoU) that will build on both organisations' strength in aerospace, defence, and advanced technologies.

This new partnership combines EIC's, and its subsidiary, PAL Aerospace's expertise in manned special mission aircraft and mission management system development with EDGE's leadership in unmanned aerial vehicle development and artificial intelligence. These strengthened capabilities align with Canada's evolving defence priorities and EDGE's mission to advance sovereign defence capabilities.

This initiative also enhances UAE – Canada cooperation and supports the development of special mission assets operated by Contractor Owned Contractor Operated (COCO) solution providers.

About EDGE:

Launched in November 2019, the UAE's EDGE is one of the world's leading advanced technology groups, established to develop agile, bold and disruptive solutions for defence and beyond, and to be a catalyst for change and transformation. It is dedicated to bringing breakthrough innovations, products, and services to market with greater speed and efficiency, to position the UAE as a leading global hub for future industries, and to creating clear paths within the sector for the next generation of highly-skilled talent to thrive.

With a focus on the adoption of 4IR technologies, EDGE is driving the development of sovereign capabilities for global export and for the preservation of national security, working with front-line operators, international partners, and adopting advanced technologies such as autonomous capabilities, cyber-physical systems, advanced propulsion systems, robotics and smart materials. EDGE converges R&D, emerging technologies, digital transformation, and commercial market innovations with military capabilities to develop disruptive solutions tailored to the specific requirements of its customers. Headquartered in Abu Dhabi, capital of the UAE, EDGE consolidates more than 35 entities into five core clusters: Platforms & Systems, Missiles & Weapons, Space & Cyber Technologies, Technologies & Industrialisation, and Homeland Security.

About Exchange Income Corporation:

Exchange Income Corporation is a diversified acquisition-oriented company, focused in two segments: Aerospace & Aviation and Manufacturing. The Corporation uses a disciplined acquisition strategy to identify already profitable, well-established companies that have strong management teams, generate steady cash flow, operate in niche markets and have opportunities for organic growth. Additional information relating to the Corporation, including all public filings, is available on SEDAR+ ( ).

About PAL Aerospace:

A proud member of the Exchange Income Corporation family of companies, PAL Aerospace is a Canadian-owned and operated global aerospace and defence company. With a focus on special missions, in-service support solutions, aircraft engineering and modification and crew resource management training. PAL Aerospace is internationally recognized by governments, militaries, and industry for on time/on budget delivery and high reliability rates. PAL Aerospace offers a single point of accountability for its programs and takes pride in being the trusted choice for clients worldwide.

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Mid-East Info

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