By browsing on our website, you are agreeing to our cookies policy.

The MoA will further solidify the enduring relationship between Boeing and Saudi Arabia The MoA will further solidify the enduring relationship between Boeing and Saudi Arabia

SAMI and Boeing Sign MoA to localise KSA Military Spending

Saudi Arabian Military Industries (SAMI) and Boeing signed a memorandum of agreement (MoA) on March 30, to develop a new joint venture aimed at localising more than 55 percent of the maintenance, repair and overhaul services forSaudi Arabia-based fixed and rotary-wing military aircraft.

The MoA comes falls under Saudi Arabia's Vision 2030 and follows the announcement of H.R.H. Mohammed bin Salman bin Abdulaziz, crown prince, Saudi Arabia, to localise 50 percent of total military spending by 2030.

The joint venture agreement is designed to provide sustainment services for fixed- and rotary-wing military aircraft of the Kingdom’s ‎military fleet and will be the sole provider of these ‎services for all military aviation platforms of ‎the country’s military fleet.

Andreas Schwer, CEO, SAMI, added, "The significance of the MoA will enable SAMI and Boeing to play a key role in leading and laying the foundational framework for Saudi's defense sector industrialisation, in line with the goals of the Kingdom's National Transformation Programme and Vision 2030."