L3 Technologies and Saudi Arabian Military Industries Enter Into Joint Venture
JX Luxventure Limited (LLL)
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Source: Business Wire
LE BOURGET, France--(BUSINESS WIRE)-- L3 Technologies (NYSE:LLL) announced today that it has signed a joint venture agreement with Saudi Arabian Military Industries (SAMI) to collaborate on electro-optical and infrared (EO/IR) and special mission systems projects within the Kingdom of Saudi Arabia (KSA). The contract was signed on June 18 in the SAMI Chalet during the Paris Air Show. This press release features multimedia. View the full release here:https://www.businesswire.com/news/home/20190618005809/en/ In February 2019, L3 and SAMI announced the signing of a Memorandum of Understanding (MoU) relating to the joint venture. “Through this partnership, L3 will further establish a long-term presence within the KSA,” said Christopher E. Kubasik, L3’s Chairman, Chief Executive Officer and President. “This venture with SAMI, which includes research and development, manufacturing, training and sustainment activi
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