Sunday, March 8, 2009

Follow the Money in Defense Stocks- Defense Spending on the Rise in United Arab Emirates (UAE)

Follow the Money in Defense Stocks- Defense Spending on the Rise in United Arab Emirates (UAE)

Featured private defense company, Wave Dispersion Technologies, announces
$100 million USD Partnership Agreement with Abu Dhabi’s International Golden Group

POINT ROBERTS, Wash., DELTA, B.C. – March 5, 2009 –, a leading global investor and industry portal for the defense and security sector, within, reports on increased spending projected in the defense sector in the US, in addition to recent contracts announced at IDEX, United Arab Emirates (UAE), in excess of $5 billion US.

For investors following the defense stocks sector, follow the global security trends in defense spending.

The Gulf Defence Conference, International Defence Exhibition & Conference 2009 (IDEX), held February 22 – 26th, is one of the world’s largest defense shows. Organized by Jane’s on behalf of Abu Dhabi National Exhibitions Company (ADNEC), under the patronage of HH Sheikh Khalifa Bin Zayed Al Nahyan, President of the UAE and Supreme Commander of the UAE Armed Forces, the conference featured local and international industry experts and analysts.

According to Janes, " Resisting any inference that the global economic slowdown was having an impact on its oil-funded balance sheet, the United Arab Emirates (UAE) announced some AED18.4 billion (USD5 billion) worth of contracts at the ninth IDEX defence exhibition in Abu Dhabi." Full article -

Featured private defense company, Wave Dispersion Technologies, announced a
$100 million USD Partnership Agreement with Abu Dhabi’s International Golden Group for its security water barriers.

Full news:

Defense Budget 2010
Department of Defense Budget
Click here for PDF
Funding Highlights:
• Provides $533.7 billion for the Department of Defense base budget in 2010, a four-percent
increase over 2009.
• Includes $75.5 billion in supplemental appropriations for 2009 and $130.0 billion for 2010 to
support ongoing overseas contingency operations, while increasing efforts in Afghanistan and
drawing down troops from Iraq responsibly.
• Supports a transparent budget process, which simultaneously and separately requests
estimated base budget and overseas contingency operations costs.
• Expands concurrent receipt of military retired pay and Veterans Disability Compensation for
those disabled upon retirement from active duty.
• Improves efforts to care for wounded service members and to treat mental health needs.

Homeland Security and Defense Stocks Directory:

Wave Dispersion Technologies Corporate Profile:

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