Saudi Arabian Military Industries (SAMI) has successfully launched a new joint venture with L3Harris Technologies, one of the world’s largest aerospace and defence systems manufacturers.
SAMI L3Harris Technologies has been created with the goal of accelerating SAMI’s growth by developing advanced communication, sensor, and integrated mission systems capabilities in support of Saudi Arabia’s armed and security forces.
The launch of the JV, which encompasses the entire L3Harris Technologies portfolio of capabilities, was initiated through signing a Joint Venture Agreement (JVA) by His Excellency Ahmed Al-Khateeb, Chairman of SAMI, and Christopher E. Kubasik, Vice Chairman, President, and COO, of L3Harris Technologies, at the Paris Air Show in June 2019. The JV achieved its commercial registration in August 2020 and is now fully operational.
Initially focusing on localization of L3Harris’ advanced communication and sensor products, the JV scope will expand to include prime contractor responsibilities for integrated mission systems and platforms, leveraging robust local industry partnerships. Together, the two parties aim to collaborate in areas, such as technical/specialized operator and maintenance training; Transfer of Production (ToP); and Transfer of Technology (ToT) through research and development programs in approved technologies.
Walid Abukhaled, CEO of SAMI, said: “We are pleased to partner with a globally renowned company of L3Harris Technologies’ stature for the launch of this joint venture, which unlocks exciting opportunities for the Transfer of Technology (ToT) and expertise to Saudi Arabia. Our collaboration will further strengthen the Kingdom’s military capabilities, enable its self-sufficiency, and create high-quality career opportunities for skilled Saudi citizens. I have full confidence in the capabilities of the joint venture’s newly appointed leadership team and wish them every success in their endeavours as we continue to contribute to our overarching goal of supporting the localization of more than 50% of military equipment spending by 2030.”
Charles R. “CR” Davis, vice president of L3Harris International, said: “The launch of this joint venture represents another important milestone in our journey to establish a long-term presence within the Kingdom of Saudi Arabia. We look forward to continuing to work closely with SAMI to support them in enabling the local defence industries in the Kingdom. Through this joint venture, we will leverage L3Harris Technologies’ leadership in technology innovation with Saudi Arabia’s defence industry champion to provide advanced military capabilities and world-class research and development activities for the Kingdom.”
Source: arabianaerospace
