24-10-2024, 03:57 AM
Eastern Security Brief
A publication of Gath Defense Collective, focusing on Dovani, Vascania and Temania.
June, 5559 | Royal Development Authority, MOI provide large investment into defense start-up
A publication of Gath Defense Collective, focusing on Dovani, Vascania and Temania.
June, 5559 | Royal Development Authority, MOI provide large investment into defense start-up
The Royal Development Authority announced a $250m LOD buy into the upstart Mina Industrial Development Corporation (MIDC), which is a defense contractor that has proposed a number of projects to Mina and offered several to the Majatran Organization for Industrialization (MOI). The chief project is the development of the MIDC F-1 indigenous fighter program, the program is being lead by MIDC Chief Engineering Office, Wang Zhi-Ming. Wang, meeting with Sultan Muhaajir in early June, 5559 proposed a number of projects and several members of the Jade Society, the Cifutingan political organization, joined Wang in asking for sponsorship of the largely Cifutingan-based MIDC. While the F-1 was proposed, they also proposed a series of land, air and naval systems perhaps the most potent of them being the Jade-class landing platform dock (LPD). The program is aimed at providing Mina the capabilities to project power across the Sea of Carina and developing a system where MIDC provides export vessels through MOI. Ashqar al-Hamdan, the Chairman of the Supreme Committee of the MOI was present in Mina to announced that the MOI itself was designating MIDC as a partner organization and that they would be providing an additional $500m LOD to the MIDC in investments, presenting a significant step in MOIs ability to generate new technologies and partners in the defense industry.