Saudi Arabian Military Industries (SAMI) and Navantia Form Joint Venture ‎

Under the high patronage of HRH Prince Mohammed bin Salman bin Abdulaziz, Crown Prince, Deputy Chairman of the Council of Ministers and Minister of Defense, and in the presence of Mariano Rajoy Spanish Prime Minister, Saudi Arabian Military Industries (SAMI) and Navantia S.A. today signed a Memorandum of Agreement (MoA) to create a joint venture (JV) April 12th in Madrid. The JV will manage and localize any naval combat systems activity including integration and installation. Both parties also inked a Letter of Intent (LoI) to design and build 5 Avante…

Read More