Boeing, Saudi Arabian Military Industries to Set up Aircraft, Helicopter MRO Joint Venture
Boeing signed a Memorandum of Agreement (MoA) with the Saudi Arabian Military Industries (SAMI) yesterday to develop a joint venture (JV) aiming to localize more than 55% of the maintenance, repair & overhaul (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 Saudi Crown Prince Mohammed bin Salman'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 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.
The MoA will result in the development of local research, design, engineering, manufacturing, and MRO abilities. The JV will continuously improve performance and growth, upgrade the readiness of and increase confidence in the Saudi military fleet, enhance maintenance capabilities, and reduce support costs throughout the fleet's life.
In addition, the agreement will create 6,000 jobs and training opportunities for Saudi youth, support local content, improve Saudization levels in the industry, and assist towards achieving the ambitious Vision 2030 plan.
Dr. Andreas Schwer, CEO of SAMI said, "The significance of the MoA, which is signed today, will enable SAMI and Boeing to play a key role in leading and laying the foundational framework for Saudi's defense sector industrialization, in line with the goals of the Kingdom's National Transformation Program and Vision 2030.
In addition to local sustainment capabilities, the inevitable partnership between the two companies could explore the creation of intellectual property as well."
Once the MoA is operational, the joint venture will provide a foundation for future platform sales and for expanding Boeing's presence in the Kingdom to support market growth for both commercial and defense programs.
-
Saudi Arabia Signs Memorandum with UK to Purchase 48 Typhoon Aircraft
March 10, 2018 @ 07:30 AMThe UK Government has signed a Memorandum of Intent with the Kingdom of Saudi Arabia to aim to finalise discussions for the purchase of 48 Eurofighter Typhoon Aircraft worth an estimated US$16 billion. The Memorandum was signed during the high profile visit of Saudi Crown Prince Salman to London earlier this week
-
Saudi Arabia Signs Agreement With Russia To Buy S-400 Air Defence System,...
October 5, 2017 @ 04:19 PMThe Saudi Arabia Ministry of Defense signed contracts with the Russian government to procure the S-400 air defense system, the Kornet-EM system, the TOS-1A, the AGS-30 and the Kalashnikov AK-103. As part of the agreement signed in Moscow today, Russia will transfer technology and localize the manufacturing and sustainment of these armament systems in the Kingdom, a press statement from the Saudi Arabian Military Industries (SAMI) said
-
US3.5B Arms Deal on Saudi King Salman’s Moscow Agenda
October 5, 2017 @ 01:38 PMRussia has prepared a package of around US$3.5 billion arms sales to Saudi Arabia, which includes several divisions of S-400 anti-aircraft missile systems
-
First Saudi-Spec Boeing F-15SA Super Eagle tactical fighters Arrives in Riyadh
June 9, 2017 @ 04:56 PMSaudi Air Force has introduced first Boeing F-15SA fighter jet, of which it ordered 84 new-built aircraft together with the upgrade of 70 older F-15S it already operates. The F-15SA is a derivative of the two-seat F-15E Strike Eagle multi-role fighter
-
Saudi Arabia Plans To Locally Produce 16000 Defense Items By 2020
May 19, 2017 @ 11:16 AMSaudi Arabia plans to produce 16000 items for its armed forces locally by 2020. The long-term goal would be to focus on producing at least 50 percent of critical items used by the armed forces by 2030, Maj
-
Days of Easy Defence Deals in Saudi Arabia May Be Over
May 18, 2017 @ 11:29 AMSaudi Arabia was every defence contractor's dream market- with no offsets clause and no local industry to provide servicing and spares, contractors raked in billions in after-sales service and life-cycle support. However, all that is about to change with the announcement of a new company, the state-sponsored Saudi Arabian Military Industries (SAMI) which will establish joint ventures with foreign companies to make equipment, systems and spares
-
Boeing Invests In 3D Printing Startup Morf3D
April 24, 2018 @ 09:29 AMBoeing announced Monday its investment in Morf3D, an El Segundo, metal-based additive engineering and manufacturing firm. Morf3D's technology enables lighter and stronger 3D-printed parts for aerospace applications
-
Boeing To Restart SLAM-ER Missile Production Line For Saudi Arabia
April 11, 2018 @ 10:10 AMBoeing has been awarded a $64 million worth contract to restart the stand-off land attack missile - expanded response (SLAM-ER) production line in support of the government of Saudi Arabia, the Department of Defense announced Tuesday. Boeing is also required to provide the redesign of obsolete, nearly obsolete, or uneconomical parts to support production and improve future sustainment of SLAM-ER, the statement says
-
US Approves Sale of 180 Self-Propelled Howitzers to Saudi Arabia for $1.3B
April 6, 2018 @ 08:06 AMThe US State Department has approved to Saudi Arabia of 155mm M109A5/A6 Medium Self-Propelled Howitzer structures for conversion to M109A6 Paladin Howitzer systems for an estimated cost of $1.31 billion
-
Boeing Awarded $312 Million JDAM Contract
April 3, 2018 @ 01:31 AMBoeing has won $312 million modification contract for Joint Direct Attack Munition (JDAM) tail kits. This ceiling increase provides for JDAM strap-on inertial guidance kits with the capability to receive guidance updates from global positioning systems to increase weapon accuracy for conventional inventory bombs, the US department of defense said in a statement Monday
-
Saudi Claims of Iran Smuggling Missiles to Yemen Unfounded: UN Ambassador
April 2, 2018 @ 11:50 AMIrans Ambassador and Permanent Representative to the United Nations Gholamali Khoshrou has dismissed Saudi Arabias claims that Iran has provided missiles to Yemen as ‘illusion and ‘unfounded. “Accusing Iran of providing or smuggling ballistic missiles to one of the parties to the conflict in Yemen is nothing but an attempt to conceal the brutal and unlawful aggression in Yemen and the extremely appalling situation caused by such aggression,” Khoshrou was quoted as saying by
-
Boeing Wins $1.1 Billion to Supply 28 Super Hornets to Kuwait
April 2, 2018 @ 07:22 AMBoeing has won a $1.1 billion contract to develop a baseline configuration for the production and delivery of 22 F/A-18E and 6 F/A-18F Super Hornets to Kuwait
_1506427120.jpg)
-
USAF Approves Sikorsky HH-60W Gunship To Enter Production
October 14, 2019 @ 07:03 AM -
Shareholders Approve United Technologies, Raytheon Merger
October 14, 2019 @ 06:23 AM -
Pak’s Indigenous Fifth Gen Fighter Completes Initial Conceptual Design Phase
October 14, 2019 @ 05:51 AM -
Turkey’s Hisar-A Low Altitude Missile Defense System to Enter Mass Production
October 14, 2019 @ 05:39 AM
-
Russian S-300s, S-400s Fail to Detect Israeli F-35s Flying Over Syria: Reports...
September 19, 2019 -
New GJ-11 Stealth Combat Drone with Flying Wing Design takes part in...
October 1, 2019 -
China to Deploy Sharp Sword Stealth Drone on Type-001A Carrier by Year-end...
September 18, 2019 -
USAF Develops "Thor" Electromagnetic Weapon to Hammer Enemy Drones
September 30, 2019
Unconventional Military Hardware from Iran
Sanctions-hit Iran has found ingenious ways to develop military hardware
Artificial Intelligence to Drive Future Weapons Development
Artificial Intelligence (AI) is rapidly permeating the defence industry to aid and improve human decision-making
Are Days Numbered for Russia’s Su-35 Fighter Jet?
Upgrade of Russias Sukhoi Su-30SM fighters to equip them with armaments, radar, sensors and engines from the more powerful Su-35...
US Companies Threatened With Sanctions May be Denied Chinese Rare Earth Materials
US companies sanctioned by China for supplying weapons to Taiwan may be denied rare earth elements (REEs), which have critical...
Russian Su-57 Preparing to Compete with F-35 for Stealth Jet Market Share
While the US F-35 stealth aircraft has become one the fastest selling fighter jets in the world aircraft market, thanks...
Russian Buk-M3 Viking Defense Missile System Has Enhanced Features
Russian state-run Almaz-Antey has released additional data on its latest export-version of Buk-M3 Viking air defense missile system (ADMS)