Lockheed Martin Secures Agreements for THAAD System Manufacturing in Saudi Arabia
Riyadh, The Gulf Observer: Lockheed Martin, the prominent US defense and aerospace company, announced on Monday that it has finalized agreements with Saudi Arabian companies for the local manufacturing of components of its Terminal High Altitude Area Defense (THAAD) system.
In a statement released, Lockheed Martin emphasized that these sub-contracts signify a significant step in enhancing manufacturing capabilities within Saudi Arabia. The collaboration aims to transfer expertise, contributing to the strengthening of the country’s defense industry.
“The main terms of the THAAD defense system procurement contracts stipulate the localization of work in Saudi Arabia, aligning with the priorities outlined in Vision 2030. This strategic initiative seeks to develop and localize military industries, fostering self-sufficiency and resilience in defense capabilities,” Lockheed Martin stated.
Saudi Arabia, committed to the principles of Vision 2030, is strategically positioned to leverage international defense partnerships. Collaborations with leading companies like Lockheed Martin enable the Kingdom to benefit from cutting-edge technology and knowledge transfer, fostering the growth of its defense industry.
The THAAD system, known for its advanced capabilities in missile defense, plays a crucial role in safeguarding against potential threats. By localizing the manufacturing of THAAD components, Saudi Arabia not only enhances its defense capabilities but also contributes to the broader goals of economic diversification and technological advancement.
The agreements underscore the mutually beneficial relationship between Lockheed Martin and Saudi Arabia, showcasing a commitment to collaboration that aligns with the nation’s long-term strategic objectives. As Saudi Arabia continues to strengthen its defense industry through international partnerships, such initiatives contribute to the country’s vision of self-reliance and technological advancement.
