“AEC is considered the ‘crown jewel’ of Saudi Arabia’s military industries and a proud accomplishment for its citizens, and will bring about transformative change in the Kingdom’s defense sector.”
-Ahmed Al-Khateeb, Chairman of Saudi Arabian Military Industries (SAMI) which is a subsidiary of the Public Investment Fund (PIF), discussing SAMI’s purchase of the Advanced Electronics Company, the country’s largest ever military industries deal. [Arab News]
