Applied Signal Technology, Inc. (NASDAQ: APSG) (AST), a market leader in advanced intelligence, surveillance, and reconnaissance (ISR) and cyber solutions, today announced its participation in the U.S. Aerospace and Defense Trade Mission to the United Arab Emirates (UAE).
Led by the National Defense Industrial Association (NDIA) in conjunction with the U.S.-U.A.E. Business Council and the Embassy of the United Arab Emirates Trade and Commercial Office, this highly specialized and exclusive defense industry trade delegation enabled companies to acquire critical information for establishing business in the UAE and become a part of an over $270 billion economy.
Dr. Joseph Leonelli, AST’s Vice President of Strategic Initiatives, was selected as one of 50 delegates to represent U.S. aerospace, defense, and IT security/infrastructure companies on the trade mission.
According to the U.S.-U.A.E. Business Council, over the next five years the UAE is expected to significantly increase the level of its defense and aerospace procurements and investments, as well as greatly expand the level of spending in homeland security and critical national infrastructure related services and capabilities.William Van Vleet, President and Chief Executive Officer of Applied Signal Technology, commented, “The UAE provides an excellent opportunity to expand our international business to a key U.S. ally in the Middle East. Our participation in this trade delegation allowed us to assess the market opportunities for AST products and services in the region and understand the legal and regulatory framework of doing business in the UAE. It also provided the opportunity to meet with established Tier 1 aerospace and defense contractors and develop relationships with UAE companies as potential partners and customers.” About Applied Signal Technology, Inc. Applied Signal Technology, Inc. is a leading provider of advanced intelligence, surveillance and reconnaissance (ISR) products, systems, and services that enhance global security. For further information about Applied Signal Technology, visit our website at www.appsig.com.