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AIRSHOW-France's Thales wins Saudi aviation academy contract
DUBAI |
DUBAI Nov 16 (Reuters) - Thales (TCFP.PA), the French defence electronics firm, said on Monday it had won a contract worth about 30 million euros ($44.63 million) to develop a new civil aviation academy in Saudi Arabia.
The academy, to be located in Jeddah, will provide training for 500 trainees in air traffic control, maintenance of civil aviation systems and airport security, Thales said in a statement during the Dubai air show.
The Middle East and Gulf Arab region accounted for about 10 percent of the group's annual revenues with 1.1 billion euros.
(Reporting by John Irish; Editing by Raissa Kasolowsky)
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