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Report: SAMI Eyes Saudi Arabia Fleet Support MoU With Boeing

Report: SAMI Eyes Saudi Arabia Fleet Support MoU With Boeing - top government contractors - best government contracting event

Report: SAMI Eyes Saudi Arabia Fleet Support MoU With Boeing - top government contractors - best government contracting event

State-owned defense company Saudi Arabian Military Industries plans to sign a memorandum of understanding with Boeing for fleet training and support services, Reuters reported Wednesday.

The non-binding agreement will come as Saudi Arabia aims to localize half of the country’s military sector by 2030.

SAMI Ahmed Al Khateeb told Reuters at the 2018 Saudi-U.S. CEO Forum the company hopes to sign MoUs with other U.S. companies.

Multiple companies from both countries entered into cooperative agreements worth more than $20 billion combined, the report noted.

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