21-Feb-2017 Source: HeliHub.com
As part of their plan for military expansion, Bell hopes to sign a contract with the UAE military. They have already done business in this sector; supplying Abu Dhabi Aviation with Bell 412 and Bell 212 units. Director for the Middle East and North Africa Business Development, Douglas Wolfe, has said that the low oil prices and the strength of the dollar will not affect the company’s productivity.
It has also been said that military spending is expected to increase, after a decline in the past few years. The US defence budget has risen to $19.76 billion this year. However, the Saudi and Omani military spending is expected to decrease, after their defence budget went down to 190.8bn Saudi riyals, reports The National.