Lockheed Martin evaluates 400 Saudi Arabian firms in defense review
JEDDAH: With a recent joint agreement with Saudi Arabian Military Industries (SAMI) to enhance the Kingdom’s defense capabilities and localize its military industry, Lockheed Martin (LM) has become a vital partner in the development of the Kingdom’s defence capabilities as part of Vision 2030. The agreement states that SAMI will own 51 percent of the joint venture with LM, which aims to establish a research and development center, to be named the KSA Defense Systems Engineering & Technology Center of Excellence (DSTC). “The DSTC will deliver critical defense mission capabilities to meet...
Source: arabnews.com