Riyadh Keen To Procure Lockheed Martin Air-Missile defense, Combat Ship, Tactical Aircraft, Rotary Wing Technologies

Saudi Arabia has expressed its intent to procure more than $28 billion worth of Lockheed Martin integrated air and missile defense, combat ship, tactical aircraft, rotary wing technologies and programs.

Letters of Offer and Acceptance and a Memorandum of Intent covering government-to-government sales of Lockheed Martin programs to include integrated air and missile defense systems, multi-mission surface combatant ships, radar systems, surveillance systems, tactical aircraft and rotary wing programs.

 A Letter of Intent, between Lockheed Martin and Taqnia, to form a joint venture to support final assembly and completion of an estimated 150 S-70 Black Hawk utility helicopters for the Saudi government, the company announced Monday.

The program supports development of local capabilities through technology and skills transfer, thus enhancing the U.S.-Saudi global security partnership.

 A Memorandum of Understanding between Lockheed Martin and Saudi Arabian Military Industries for the parties to work together to build defense capabilities in the KSA to support Vision 2030 and provide for localization efforts associated with Multi-mission Surface Combatants and Aerostats.

 The programs help the Saudi government realize its Vision 2030 objective of building its domestic technology capabilities and skilled workforce.