Saudi Arabia’s Advanced Electronics Company (AEC) is expecting significant growth following its forthcoming acquisition by Saudi Arabian Military Industries (SAMI), the company’s President and CEO Abdulaziz Al Duailej has told Jane’s .
“We are expecting that it will quadruple our topline revenues over the next ten years,” Al Duailej said, with the move into SAMI expected to open up new horizons for the firm. An initial agreement for the acquisition of AEC by SAMI was announced in June.
Following the company’s acquisition, AEC will represent the Defence Electronics arm of the business, but will also operate across the defence and aerospace and other lines of business such as electronics, C4ISR, electronic warfare, and avionics.
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