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Raytheon, AEC to expand collaboration

DUBAI, November 10, 2015

US-headquartered Raytheon Company and Saudi Arabia-based Advanced Electronics Company (AEC) have entered into a memorandum of understanding (MoU) to explore strategic teaming opportunities across a wide range of mission areas.

Raytheon is a leading technology and innovation company, specialising in defense, security and civil markets.

AEC is a private sector company to serve local, national, regional and international clients within the defense, telecom and manufacturing industries.

Raytheon and AEC have more than a 20-year history of industrial cooperation, notably on the F-15 programme for Saudi Arabia, said a statement from the company.

Under the newly signed MoU, the companies envision expanding their collaboration to new defense and civil markets, and intend to explore opportunities ranging from integrated sensors, weapon systems, civil aviation, and land warfare systems, to cyber, it said.

AEC received a Platinum award in March 2015 recognising its overall performance on its manufacturing efforts for Raytheon in support of the F-15 programme, said the statement.

AEC is also a preferred supplier for Raytheon’s Strategic Enterprise Aligned Commodities initiative, it added.

John D Harris II, vice president of business development and chief executive officer, Raytheon International, Inc, said: “AEC is a trusted and longstanding partner and we look forward to increasing our cooperative work for Saudi Arabian markets as well as possible regional and global expansion.”
 
Dr Ghassan Al Shibl, CEO and president of AEC, said: “Our partnership with Raytheon offers tremendous growth potential and we are confident that our growing partnership will enhance our support of Saudi Arabia Armed Forces, as well as grant us successful business continuity and growth in increasingly competitive international markets.”  - TradeArabia News Service




Tags: | Raytheon | AEC |

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