Saudi Arabia signs deal with Boeing to localize defense sector Agreement includes transfer of technology
said with this local capability dedicated to sustaining all US-made defense platforms, we can better serve our customers and support the Kingdom’s goals of localization and economic growth.
“We deeply appreciate the trust that the Kingdom of Saudi Arabia in general, and Prince Mohammed bin Salman personally, are placing in Boeing to help deliver Vision 2030 with this new joint venture,” he added.
“Our relationship with the Kingdom dates back more than 70 years, and we look forward to continuing our successful partnership in support of the Kingdom’s national security and aerospace industry needs.”
Dr. Andreas Schwer, CEO of SAMI said: “This deal will enable SAMI and Boeing to play a key role in leading and laying the foundational framework for Saudi Arabia’s defense sector industrialization.”
The joint venture will provide a foundation for future platform sales and for expanding Boeing’s presence in the Kingdom to support market growth in both the commercial and defense sectors.
Boeing’s partnership with Saudi Arabia dates back more than 70 years and is growing from strength to strength. It began on Feb. 14, 1945, when US President Franklin D. Roosevelt presented a twinengine Dakota DC-3 airplane to King Abdul Aziz: This event also marked the birth of commercial air travel in the Kingdom.
Saudi Crown Prince Mohammed bin Salman meets with Amazon CEO Jeff Bezos and Bill Gates, co-founder of Bill and Melinda Gates Foundation in Seattle on Friday. In separate meetings with Bezos and Gates, the crown prince reviewed aspects of cooperation on a number of joint development programs and projects. (SPA)