RIYADH, Saudi General Authority for Military Industries announced on Saturday signing a partnership agreement with Raytheon Saudi Arabia to locally maintain and upgrade the US made and provided Patriot missile systems.
The official Saudi Press Agency (SPA) said the accord falls in line with goals of Saudi Arabia?’s Vision 2030 with respect of diversifying the economy and developing local industries.
SPA also indicated that it was also part of the approach to create work opportunities for citizens.
It quoted the authority head, Ahmad Al-Ohali, as affirming the objective of investing in local resources and building new military potentials.
The US-based Raytheon has been a close partner in Saudi Arabia’s protection and development for more than 50 years, beginning with its first agreement to supply Hawk air defense systems to the kingdom in 1966.
In May 2017, Raytheon announced plans to create Raytheon Saudi Arabia, a Saudi legal entity wholly owned by Raytheon, to make indigenous products and services in defense, aerospace and security.
Washington had supplied the kingdom with the anti-missile Patriots, also stationed in other regional countries.
Source: Kuwait News Agency