SAMI acquires Advanced Electronics Company

Saudi Arabian Military Industries (SAMI) has acquired Advanced Electronics Company (AEC) in the largest military industries deal in Saudi Arabia. The acquisition will make AEC a 100% Saudi-owned company.

“This deal strengthens SAMI’s presence in the strategically important defense industries market and supports its plans to transfer and localize the military industries.”aviationweek.com

• 1 source
• aviationweek.comSAMI acquires Advanced Electronics Company | Aviation WeekAug 12, 2021

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