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Boeing-SAMI JV to Localize Military Aircraft MRO Services in Saudi Arabia; Leanne Caret Comments

Boeing-SAMI JV to Localize Military Aircraft MRO Services in Saudi Arabia; Leanne Caret Comments - top government contractors - best government contracting event
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Boeing-SAMI JV to Localize Military Aircraft MRO Services in Saudi Arabia; Leanne Caret Comments - top government contractors - best government contracting event
Leanne Caret

Boeing and state-owned company Saudi Arabian Military Industries have agreed to form a joint venture that seeks to localize in Saudi Arabia at least 55 percent of maintenance, repair and overhaul services for the Middle Eastern country“™s fleet of rotary- and fixed-wing military planes.

The memorandum of agreement signed by Dennis Muilenburg, Boeing chairman, president and CEO, and SAMI Chairman Ahmed Al-Khateeb includes technology transfer to facilitate the installation of weapon systems on Saudi“™s military aircraft fleet and supply chain localization for spare parts, Boeing said Friday.

“With this local capability dedicated to sustaining all U.S.-made defense platforms, we can better serve our customers and support the Kingdom’s goals of localization and economic growth,“ said Leanne Caret, president and CEO of Boeing“™s defense, space and security segment and a 2018 Wash100 recipient.

The Boeing-SAMI joint venture is expected to offer training opportunities, generate $22 billion in revenues and Boeing-SAMI JV to Localize Military Aircraft MRO Services in Saudi Arabia; Leanne Caret Comments - top government contractors - best government contracting eventcreate approximately 6,000 jobs in Saudi Arabia by 2030 in support of the country“™s Vision 2030 and National Transformation Program.

Boeing said investment in Saudi facilities and equipment could reach approximately $450 million through its partnership with SAMI.

The companies signed the agreement in conjunction with Saudi Crown Prince Mohammed bin Salman bin Abdulaziz“™s visit to Seattle, Washington, that included a tour of Boeing“™s aircraft production facilities.

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Written by Jane Edwards

is a staff writer at Executive Mosaic, where she writes for ExecutiveBiz about IT modernization, cybersecurity, space procurement and industry leaders’ perspectives on government technology trends.

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