During bilateral meetings between Italy and the Kingdom of Saudi Arabia, the Ministry of Investment of Saudi Arabia (MISA), the General Authority for Military Industries (GAMI) and Leonardo announced today the signing of a MoU with the aim of discussing, developing and evaluating a series of investments and opportunities to further expand collaboration in the aerospace and defense sectors.
This agreement follows the MoU signed and announced in early 2024 which aimed to assess and explore multiple areas of cooperation: space, MRO for aerostructures, localisation for electronic warfare systems, radar and helicopter assembly, a focus on the air combat sector and multi-domain integration, industrialisation processes and human capital development, opportunities for the domestic supply chain in Saudi Arabia and, more generally, for Leonardo’s role in the region and in the global value chain. Following the excellent results achieved through the implementation of the 2024 agreement, the MoU signed today paves the way for a further expansion of industrial collaboration in the air combat systems and helicopter sector.
For decades, Leonardo has provided the country with platforms, systems, technologies and services, from air transport, to support for the energy industry, to helicopters, to electronic systems and sensors, to which are added maritime and cyber defense systems, as well as a key contribution in the field of air defense. This new agreement represents the latest step in strengthening Leonardo's activities in the Kingdom, where the company has a dedicated Headquarters.
By collaborating with local partners, research institutes and end users, Leonardo will be able to generate sustainable development and manufacturing activities in the country. The MoU will significantly contribute to Saudi Arabia's Vision 2030 aimed at implementing unprecedented reforms in the public sector, diversifying the economy, enabling citizens and businesses to fully reach their potential and creating innovative growth opportunities.
