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2024-03-04
Leonardo Signs MoU With Saudi Arabia
The Ministry of Investment (MISA) of the Kingdom of Saudi Arabia, the General Authority for Military Industries (GAMI) of the Kingdom and Leonardo recently announced the signing of a Memorandum of Understanding (MoU) with the intention to discuss, develop and evaluate a range of investment and collaboration opportunities in the defence and aerospace sector. The announcement was made during an official ceremony at the World Defence Show in Riyadh.
Multiple areas of collaboration will be considered and explored under the MoU, including space industry, airframe MRO (Maintenance, Repair and Overhaul), localisation of electronic warfare systems and radars and assembly of helicopters. The MoU also offers the parties a focus on specialised areas of collaboration in both Combat Air and Cross-Domain Integration fields, where Leonardo is active on next-generation technology initiatives and enabling demonstration projects.
These areas could include uncrewed systems, integrated sensors, digital technologies, industrialisation processes and human capital development. The parties will also explore opportunities for the national supply chain in Saudi Arabia and, more extensively, the country’s role for Leonardo in the region as well as the global value chain.
These areas could include uncrewed systems, integrated sensors, digital technologies, industrialisation processes and human capital development. The parties will also explore opportunities for the national supply chain in Saudi Arabia and, more extensively, the country’s role for Leonardo in the region as well as the global value chain.
Stefano Pontecorvo, Chairman of Leonardo, said: “This signing represents an important opportunity to consolidate defence cooperation and strengthen a joint vision for future Combat Air operations.”.
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