Saudi Arabian Military Industries (SAMI) and Boeing have signed a Memorandum of Agreement (MoA) to develop a new joint venture (JV) aiming to localize more than 55% of the MRO services for fixed and rotary-wing military aircraft in Saudi Arabia. The agreement will also transfer technology to install weaponry on these aircraft as well as localize the supply chain for spare parts in the Kingdom.
The signing ceremony came in conjunction with HRH Prince Mohammed bin Salman bin Abdulaziz, Crowne Prince’s, visit to Seattle, which included an official visit and tour of Boeing’s aircraft manufacturing facilities. The agreement was signed by H.E. Ahmed Al-Khateeb, Chairman of SAMI, and Dennis Muilenburg, Chairman, President, and CEO of Boeing, at Boeing’s commercial manufacturing facility in Everett, Wash. The ceremony also included a comprehensive visit to the manufacturing facilities of Boeing, featuring a detailed explanation of the company’s operations.
The joint venture agreement will provide sustainment services for fixed- and rotary-wing military aircraft of the KSA military fleet and will be the sole provider of these services for all military aviation platforms of the KSA military fleet, strengthening the Kingdom’s defense capabilities and enhancing its deterrent potential.
