Saudi Arabia signs JV agreement with US firm for infrared projects
Photos courtesy of SPA
US-based L3 Technologies announced on Tuesday that it has signed a joint venture (JV) agreement with Saudi Arabian Military Industries (SAMI) to collaborate on electro-optical and infrared (EO/IR) and special mission systems projects in the Kingdom.
“We are pleased to partner with L3 as we move towards our goal of creating a Center of Excellence in the Kingdom,” said HE Ahmed Al-Khateeb, Chairman of SAMI.
“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,” Al-Khateeb added.
Together, L3 and SAMI will indigenously design and implement the technologies and solutions for a variety of customer-specific applications from a Center of Excellence in the Kingdom.
“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,” said Christopher E. Kubasik, L3’s Chairman, CEO and President.
In February 2019, L3 and SAMI announced the signing of a Memorandum of Understanding (MoU) relating to the JV.