Aselsan signs MoU with Saudi companies
Turkish defence company Aselsan has signed a Memorandum of Understanding (MoU) with Saudi company TAQNIA Defense and Security Technologies (DST) and King Abdulaziz City for Science and Technology (KACST).
The MoU will see Aselsan, TAQNIA DST and KACST increase their cooperation together with government agencies and other organisations in a strategic partnership that will aim to have a positive impact on defense and security technology and innovation capabilities in Saudi Arabia.
The agreement was signed by Turki Bin Saud Bin Mohammad Al Saud, president of KACST; Hamad Alyousefi, CEO of TAQNIA DST; and Oğuz Şener, vice president of Aselsan. Several other officials were also present at the signing event.
More from Defence Notes
-
Spain unveils new multi-billion euro defence investment plan
The new plan outlined how Spain would reach 2% of its GDP spend on defence by 2025, with €1.9 billion earmarked for new equipment acquisition with several land, naval and air platforms disclosed to be replaced or upgraded.
-
New Zealand boosts defence spend to US$6.6 billion and vows increased closeness with Australia
This budget will be spent over the next four years and nearly doubles the country’s defence spending as part of GDP to 2%.
-
UK Chancellor commits £2 billion to make the country a “defence industrial superpower”
Rachel Reeves announced port upgrades, protected budgets for innovation and investment in novel technologies.
-
Avalon 2025: Australian defence budget meets the low expectations of show attendees
The Australian Budget was marked by tax cuts and a looming general election which led to little hope that there would be a substantial defence boost even with a big bill for nuclear submarines due.
-
Launch of Gilat Defense targets DoD market
The communications company Gilat launched its new Gilat Defense division at the Satellite 2025 expo, with future solutions aimed at US military customers.