Lockheed Martin Corporation signed $28 billion worth of deals with Saudi Arabia to provide integrated air and missile defense improvements, littoral combat ships, helicopters, and more. Lockheed Martin signed a letter of intent with TAQNIA to form a joint venture that will assemble 150 Black Hawk helicopters for $6 billion in the Kingdom. The company also signed a memorandum of understanding with the newly established Saudi Arabian Military Industries (SAMI). Under the agreement, Lockheed Martin will help strengthen Saudi defense capabilities and transfer technology for Vision 2030 localization requirements.
Lockheed Martin Signs Contracts
You also might be interested in
Pfizer Saudi Limited signed an exclusive commercial agreement with Tabuk[...]
Charles Swartz, President of The Dow Chemical Company in Saudi[...]
The Saudi Industrial Development Fund (SIDF) announced a $1 billion stimulus package[...]