L3 Technologies and Saudi Arabian Military Industries (SAMI) have entered a joint venture (JV) agreement during the Paris Air Show.
Through the JV, L3 and SAMI will team up on projects related to electro-optical and infrared (EO/IR) and special mission systems in the Kingdom of Saudi Arabia (KSA).
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The agreement follows the signing of a memorandum of understanding (MoU) for the JV between the companies in February.
For Saudi Arabia, the JV deal supports the country’s Vision 2030 goals to have enhanced local capabilities in the aerospace and defence industries.
L3 Technologies chairman, CEO and president Christopher Kubasik said: “Through this partnership, L3 will further establish a long-term presence within the KSA.
“This venture with SAMI, which includes research and development, manufacturing, training and sustainment activities, represents a key milestone in the further development and execution of L3’s international growth strategy.”
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By GlobalDataL3 Technologies will leverage its experience in designing and manufacturing multi-spectral and multi-sensor EO/IR imaging and targeting sensor systems.
The company also manufactures fully customisable mission systems for air, land and maritime vessels.
As part of the JV, L3 and SAMI will establish a centre of excellence in the country to locally design and implement advanced technologies for numerous applications.
SAMI chairman Ahmed Al-Khateeb said: “We are pleased to partner with L3 as we move towards our goal of creating a Center of Excellence in the Kingdom.
“As we continue to support objectives tied to Saudi Vision 2030, this long-term partnership with L3 will help grow the sensor and mission systems industry while creating a comprehensive through-life support structure for our military customers.”
