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Sabrewing Aircraft Receives $600 Million Order for VTOL Aircraft
September 29, 2020 | Globe NewswireEstimated reading time: 1 minute
Sabrewing Aircraft Company has announced an exclusive representation agreement with Arabian Development & Marketing Co. (ADMC) headquartered in Riyadh, Saudi Arabia. The five-year renewable agreement includes exclusivity for Saudi Arabia, the GCC and the Pan-African region.
The deal includes an order for 102 Sabrewing “Rhaegal-B” unmanned, heavy-lift, Vertical Take Off Landing (VTOL), cargo aircraft. ADMC will soon begin taking additional aircraft orders throughout the GCC and Africa. The aircraft was recently unveiled to the public during an U.S. Air Force Agility Prime event. The deal between ADMC and Sabrewing also includes establishing aircraft assembly, maintenance, repair, and overhaul (MRO) facilities throughout the Kingdom of Saudi Arabia and Africa to service the Rhaegal-B fleet and will provide technology jobs to the region.
“We are very pleased to have ADMC as our middle-eastern business partner. It’s a perfect fit for Sabrewing and ADMC management in our mutual quest to pioneer unmanned VTOL cargo aircraft development/manufacturing and dominate this market sector by being the first-to-market this extraordinary aircraft,” stated Ed De Reyes, Chairman and CEO of Sabrewing. “As the first commercial purchase of an unmanned aircraft this is really groundbreaking and paving the way for a whole new industry.”
Sabrewing’s “Rhaegal” air vehicle has a turbo-electric drivetrain that is capable of taking off and landing vertically - in mud, snow, ice, deep sand or unimproved landing areas - at speeds of up to 200 knots (370 km/hr), and in weather that is all but impossible for manned aircraft.
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