Raytheon, Saudi Aramco to Form New Cybersecurity Joint Venture; Dave Wajsgras Quoted

Raytheon, Saudi Aramco to Form New Cybersecurity Joint Venture; Dave Wajsgras Quoted - top government contractors - best government contracting event
Dave Wajsgras

Saudi Aramco and Raytheon's Saudi Arabian arm have agreed to set up a joint venture firm focused on cybersecurity through a memorandum of understanding.

The new JV will build and offer cyber defense hardware and software platforms, advance research-and-development work related to cybersecurity and provide related capabilities in Saudi Arabia and other countries in the Middle Eastern region, Saudi Aramco said Friday.

“Cybersecurity is critical to national and global security,“ said Dave Wajsgras, president of Raytheon's intelligence, information and services business.

“This MOU is an important step in creating a joint venture that we see becoming the cornerstone of cybersecurity defenses in the region,“ Wajsgras added.

Khalid Al-Dabbagh, senior vice president of finance for strategy development at Saudi Aramco, said the JV supports the Middle Eastern country's Vision 2030 that seeks to advance economic development and generate highly skilled jobs in the cybersecurity sector.

You may also be interested in...

Raytheon SM-3

General Dynamics to Produce Missile Seeker Components for Raytheon SM-3 Interceptor

Raytheon Technologies has awarded General Dynamics a pair of contracts worth $43 million combined to manufacture seeker components for two new variants of the Standard Missile-3 system. General Dynamics said Monday its mission systems unit will provide optical hardware to Raytheon's missiles and defense business for integration into the SM-3 Block IB and IIA interceptors.

Stephanie Mango President CGI Federal

CGI Awarded Spot on Potential $12.6B DIA Contract for IT Services; Stephanie Mango Quoted

CGI announced on Tuesday that it has secured a position on the Solutions for the Information Technology Enterprise (SITE) III contract from the Defense Intelligence Agency (DIA) for the delivery of information technology (IT) mission support services. The contract has a 10-year period and a potential ceiling value of $12.6 billion.


Lockheed-Made Spacecraft Brings Asteroid Samples in Return Trip to Earth

A Lockheed Martin-made spacecraft is now on its way back to Earth after a mission to explore and gather samples on the Bennu asteroid. The OSIRIS-REx spacecraft carries asteroid samples as it flies back to Earth's orbit over a 1.4-billion-mile, two-year trip, which is expected to include two rotations around the Sun, Lockheed said Monday.