Leonardo DRS and Kingdom of Saudi Arabia Ministry of Defense Agree to Expand Collaboration
Leonardo DRS, Inc. (DRS)
Company Research
Source: Business Wire
ARLINGTON, Va.--(BUSINESS WIRE)--Leonardo DRS, Inc. (NASDAQ: DRS) announced today that it has signed a Memorandum of Intent (MOI) with the Kingdom of Saudi Arabia’s Ministry of Defense (MOD) to explore opportunities for MOD ground combat vehicles and dismounted forces in support of the country’s Vision 2030 defense modernization roadmap.The MOI was signed in Washington, D.C. following announcement of the United States of America’s Strategic Defense Agreement with Saudi Arabia. Signing for Leonardo DRS was Bill Guyan, the company’s Senior Vice President, Business Development and President, International Business. Eng. Khalid Al-Jawini, Director of Projects for Procurement for the Saudi Arabian Ministry of Defense, signed for the MOD under the oversight of H.E. Dr. Khaled bin Hussein Al-Biyari, Assistant Minister of Defense for Executive Affairs.The MOI identifies prospective opportunities to collaborate in areas where Leonardo DRS is an industry leader in combat-proven, advanced ne
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