Aero Precision, a Greenwich AeroGroup company, has signed a joint venture agreement with Integrated Logistics Company, a subsidiary of Saudi Aerospace Company (SAC) to logistically support the Saudi Arabian Military and Civil aviation industry in the Gulf Cooperation Council.
The joint venture will operate under the name Aero Precision Industries Saudi Arabia and will have headquarters in Riyadh, Saudi Arabia in a state-of-the-art facility which is currently being constructed in North Riyadh, parallel to the prominent King Abdullah Financial District. The joint venture will provide logistics and component repair services, upgrades and modification across all platforms combining the resources and expertise of Aero Precision Industries LLC and Saudi Aerospace Company.
“Establishing Aero Precision Industries Saudi Arabia LLC, will strategically enhance what SAC has been promoting through its logistics arms,” said SAC President and CEO Mohamad Alharthy. “SAC is committed to being an industry leader in logistics with our MRO facilities and technical education academy and with the addition of the joint venture.”
“Aero Precision is very excited about its joint venture with a partner as strong as SAC in Kingdom,” said Aero Precision President Frank Cowle. “'Aero Precision Industries Saudi Arabia' gives us a footprint to launch campaigns for OEM's products and expand into Service and Logistical Support in the Middle East.”
Cowle also added, “This partnership is an ideal fit to offer world class service in Kingdom to the Royal Saudi Armed Forces and local industry, as well as the region. Aero Precision looks forward to representing OEMs and supporting the defense industry through this joint venture.”
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