SAMI and Lockheed Martin sign joint venture agreement

Saudi Arabian Military Industries (SAMI) signed an agreement with Lockheed Martin to set up a joint venture, with SAMI owning 51%, to enhance Saudi defense and manufacturing capabilities through technology transfer and workforce training.

“The new agreement will develop localized capabilities by transferring technology and knowledge, and by training a Saudi workforce in manufacturing products for, and providing services to, the Saudi armed forces.”english.aawsat.com

• 1 source
• english.aawsat.comSAMI Signs Defense Venture Deal with Lockheed MartinAsharq Al AwsatFeb 21, 2021

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