https://arab.news/2pwdq
- Deal marks pivotal milestone in strengthening readiness of Kingdom’s land systems
- It reinforces SAMI’s position as national leader in defense maintenance
JEDDAH: ֱn Military Industries has signed a cooperation deal with US-based Amentum to strengthen the Kingdom’s land defense systems, improve maintenance and overhaul, and localize spare parts.
The signing ceremony with the global leader in advanced engineering and technology solutions was attended by leading figures from both firms, including Mohammed Al-Hodaib, executive vice president of SAMI Land, and Feras Al-Hassoun, Middle East operational sales director at Amentum.
Under Vision 2030, ֱ is pursuing defense self-sufficiency, with SAMI aiming to localize 50 percent of defense spending through global partnerships and joint ventures with leading international manufacturers.
“This agreement marks a pivotal milestone in strengthening the readiness of our land systems, enhancing the localization of spare parts, and reinforcing our position as the national leader in defense maintenance and sustainment,” the Saudi national defense and security champion, operating under the Public Investment Fund, said in a statement.
In July, SAMI, ranked among the world’s top 100 defense companies, signed technology transfer agreements with three leading Turkish defense firms, including Nurol Makina, FNSS, and Aselsan, to accelerate the localization of advanced land systems manufacturing in the Kingdom.
At that time, SAMI Land reaffirmed its commitment to advancing strategic objectives by localizing the Kingdom’s defense industries, enhancing industrial capabilities, and delivering high-quality products and services across the entire product lifecycle.
SAMI operates through five primary divisions, with SAMI Land spearheading the Kingdom’s ground defense capabilities.
SAMI Aerospace develops aircraft components and unmanned aerial vehicles, while SAMI Sea focuses on naval defense technologies, including corvettes and other maritime systems.
Meanwhile, SAMI Defense Systems provides integrated solutions such as command and control systems and radar technologies, and SAMI Advanced Electronics develops cybersecurity solutions and electronic warfare systems.
Together, these divisions support the PIF subsidiary’s mission to enhance ֱ’s defense capabilities and localize military manufacturing.
In April, Amentum, listed on the New York Stock Exchange under the ticker AMTM, announced the sale of its hardware and product business, Rapid Solutions, to Lockheed Martin for $360 million.
The move positions Amentum as a pure-play provider of technology-enabled solutions and accelerates its debt reduction objectives, underscoring the company’s strategic focus on advanced engineering and mission support services.