Lockheed Martin signs military contracts with Saudi companies

WORLD, Feb. 06 (YPA) – American company Lockheed Martin has signed agreements for Saudi Arabian companies to manufacture parts of its Terminal High Altitude Area Defense (THAAD) system, the company said on Monday.

These sub-contracts will enhance manufacturing capabilities in Saudi Arabia and transfer expertise to strengthen the country’s defense industry, Lockheed said in a statement.

The agreements were announced on the sidelines of the World Defense Show in the Saudi capital Riyadh.

The Saudi Press Agency reported that Saudi Arabian Military Industries (SAMI) signed 11 agreements during the exhibition.

According to the agency, the agreements aim to “localize the defense manufacturing system and enhance military readiness.”

E.M