TYSONS CORNER, VA, March 29, 2018 — Boeing (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.
About Executive Mosaic: Founded in 2002, Executive Mosaic is a leadership organization and media company. Executive Mosaic offers highly coveted executive events, breaking business news on the Government Contracting industry, and robust and reliable content through seven influential websites and four consequential E-newswires. Headquarters are located in Tysons Corner, VA. www.executivemosaic.com