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Boeing to Sign Saudi Arabia Fleet Support MoU With SAMI

TYSONS CORNER, VA, March 29, 2018Boeing (NYSE: BA) will sign a memorandum of understanding with state-owned company Saudi Arabian Military Industries to provide support services and fleet training, ExecutiveBiz reported Wednesday.

The nonbinding agreement is in line with Saudi Arabia’s effort to localize 50 percent of its military industry by 2030, Reuters reported Wednesday.

Ahmed Al Khateeb, chairman of the board at SAMI, has said the company is hoping to enter into other MoUs with more U.S. partners.

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