March 31, 2018 / 2:18 AM / 20 days ago

BRIEF-Boeing Says ‍Saudi Arabian Military Industries And Co Form Joint Venture Partnership

March 30 (Reuters) - Boeing:

* ‍SAUDI ARABIAN MILITARY INDUSTRIES AND BOEING FORM JOINT VENTURE PARTNERSHIP TARGETING 55% LOCALIZATION​

* ‍JV PARTNERSHIP TARGETING 55% LOCALIZATION WITH REVENUES TO EXCEED $22 BILLION AND 6,000 JOBS BY 2030​

* ‍PARTNERSHIP TO PROVIDE SUSTAINMENT SERVICES FOR FIXED- AND ROTARY-WING MILITARY AIRCRAFT OF KSA MILITARY FLEET​

* ‍INVESTMENT VALUE TO REACH $450 MILLION IN FACILITIES AND EQUIPMENT INSIDE KINGDOM​ Source text for Eikon: Further company coverage:

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