13 Apr '18, 12pm

"#Spain, #Saudi Arabia ink pact on naval systems and vessels"

"#Spain, #Saudi Arabia ink pact on naval systems and vessels"

Saudi Arabia has signed an agreement with Navantia on procurement of corvettes, with new industrial partnership with Navantia The development of industrial relationship works to position Saudi industry for future naval procurements and systems development The Saudi Arabian government has signed an agreement with Spain’s Navantia for five Avante 2200 corvettes to be used by the Royal Saudi Navy (RSN). During a visit to Spain by Saudi Arabia’s Crown Prince Mohammed bin Salman bin Abdulaziz, a letter of intent (LOI) was signed between Saudi Arabia and Navantia for the design and construction of the corvettes, including the vessels’ combat management systems. A memorandum of agreement (MOA) was also signed between Saudi defence company Saudi Arabian Military Industries (SAMI) and Navantia to create a joint venture (JV) to help deliver the vessels. According to SAMI, the new JV...

Full article: http://www.janes.com/article/79254/spain-saudi-arabia-ink...

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