In February 2023, the Saudi Arabian Military Industries (SAMI) CEO Walid Abukhaled met with the CEO of Thales Group Patrice Caine to discuss reviving the joint venture (JV) between the two companies.
Since then, the SAMI Thales Electronic Systems (STES) JV is said to have made significant strides and is now back on track.
The note provides a comprehensive overview of the following aspects:
- The status of proposals previously pitched by Caine
- The select products purchased by SAMI since the meeting
- Potential further contracts between SAMI and Thales
