A joint venture (JV) between Lockheed Martin and Taqnia Aeronautics that facilitates the local build of Black Hawk rotorcraft in Saudi Arabia is expected to result in more job provision than the entity originally anticipated.
About 650 jobs are now expected to result from the Rotary Aircraft Manufacturing Saudi Arabia (RAMSA) JV, the establishment of which was announced in May 2017 as part of a defence package signed during US President Trump’s visit to the Saudi kingdom.
“We are advancing the agreement based on a letter of intent to establish a joint venture between Lockheed Martin and Taqnia Aeronautics called Rotary Aircraft Manufacturing Saudi Arabia, supporting the development of a local defense industry,” a spokesperson told Jane’s .
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