# 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.

- Type: Partnership
- Announced: 2021-02-21
- Where: Saudi Arabia
- Status: announced
- Products: defense products, defense services
- Sectors: [Aerospace Components](https://endata.com/sectors/aerospace-components.md)

## Companies

- [Lockheed Martin](https://endata.com/companies/6612.md) (partner)
- [Saudi Arabian Military Industries](https://endata.com/companies/20040.md) (partner)

## Sources

- [english.aawsat.com](https://english.aawsat.com/home/article/2819466/sami-signs-defense-venture-deal-lockheed-martin), 2021-02-21: "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."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.