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Leonardo News
LEONARDO SIGNS MOU WITH THE KINGDOM OF SAUDI ARABIA FOR AEROSPACE AND DEFENCE COLLABORATION OPPORTUNITIES
The agreement was signed with the Ministry of Investment and the General Authority for Military Industries and announced at the World Defence Show in Riyadh.
Saudi Arabia's General Authority for Military Industries (GAMI)/World Defense Show
The Ministry of Investment (MISA) of the Kingdom of Saudi Arabia, the General Authority for Military Industries (GAMI) of the Kingdom and Leonardo announced yesterday the signing of a Memorandum of Understanding (MoU) with the intention to discuss, develop and evaluate a range of investment and collaboration opportunities in the defence and aerospace sector.
Multiple areas of collaboration will be considered and explored under the MoU to include space industry, airframe MRO (Maintenance, Repair and Overhaul), localisation of electronic warfare systems and radars and assembly of helicopters. This MoU also offers the parties a focus on specialised areas of collaboration in both Combat Air and Cross-Domain Integration fields, where Leonardo is active on next-generation technology initiatives and enabling demonstration projects. These areas could include uncrewed systems, integrated sensors, digital technologies, industrialisation processes and human capital development.
The parties will also explore opportunities for the national supply chain in the Kingdom of Saudi Arabia and, more extensively, the country’s role for Leonardo in the region as well as the global value chain.
Collaborating with local technological partners, research establishments and end-users, Leonardo will be able to generate sustained development and production in the country.
The MoU will significantly contribute to the objectives of the Kingdom’s Vision 2030 aimed at the implementation of unprecedented reforms in the public sector, diversifying the economy, empowering citizens and businesses to reach their full potential and creating innovative growth opportunities.
The Ministry of Investment (MISA) of the Kingdom of Saudi Arabia, the General Authority for Military Industries (GAMI) of the Kingdom and Leonardo announced yesterday the signing of a Memorandum of Understanding (MoU) with the intention to discuss, develop and evaluate a range of investment and collaboration opportunities in the defence and aerospace sector.
Multiple areas of collaboration will be considered and explored under the MoU to include space industry, airframe MRO (Maintenance, Repair and Overhaul), localisation of electronic warfare systems and radars and assembly of helicopters. This MoU also offers the parties a focus on specialised areas of collaboration in both Combat Air and Cross-Domain Integration fields, where Leonardo is active on next-generation technology initiatives and enabling demonstration projects. These areas could include uncrewed systems, integrated sensors, digital technologies, industrialisation processes and human capital development.
The parties will also explore opportunities for the national supply chain in the Kingdom of Saudi Arabia and, more extensively, the country’s role for Leonardo in the region as well as the global value chain.
Collaborating with local technological partners, research establishments and end-users, Leonardo will be able to generate sustained development and production in the country.
The MoU will significantly contribute to the objectives of the Kingdom’s Vision 2030 aimed at the implementation of unprecedented reforms in the public sector, diversifying the economy, empowering citizens and businesses to reach their full potential and creating innovative growth opportunities.
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