Aselsan signs MoU with Saudi companies
Turkish defence company Aselsan has signed a Memorandum of Understanding (MoU) with Saudi company TAQNIA Defense and Security Technologies (DST) and King Abdulaziz City for Science and Technology (KACST).
The MoU will see Aselsan, TAQNIA DST and KACST increase their cooperation together with government agencies and other organisations in a strategic partnership that will aim to have a positive impact on defense and security technology and innovation capabilities in Saudi Arabia.
The agreement was signed by Turki Bin Saud Bin Mohammad Al Saud, president of KACST; Hamad Alyousefi, CEO of TAQNIA DST; and Oğuz Şener, vice president of Aselsan. Several other officials were also present at the signing event.
More from Defence Notes
-
![Leonardo CEO urges “speed as important as money” as joint ventures progress picks up]()
Leonardo CEO urges “speed as important as money” as joint ventures progress picks up
The company’s Q1 2025 results showed a 20% increase in new orders and a 15% increase in revenue across the business.
-
![Rheinmetall vehicle sales almost double as European companies see continued growth]()
Rheinmetall vehicle sales almost double as European companies see continued growth
Results for Q1 2025 have been strong across the board for many defence companies in Europe with forward-looking statements and predictions for the full year also looking good.
-
![Why is the defence market “exploding exponentially” for autonomous targeting capabilities?]()
Why is the defence market “exploding exponentially” for autonomous targeting capabilities?
Solutions that identify, engage and destroy targets with minimal or no human intervention are becoming critical on tomorrow’s battlefield.
-
![Companies post mostly rosy results but warn of potential dark clouds]()
Companies post mostly rosy results but warn of potential dark clouds
First quarter 2025 results have been dropping for companies in the past week but many of the US results come with a health warning in their forward-looking aspects about the potential impact of actions by the Trump administration.
-
![Spain unveils new multi-billion euro defence investment plan]()
Spain unveils new multi-billion euro defence investment plan
The new plan outlined how Spain would reach 2% of its GDP spend on defence by 2025, with €1.9 billion earmarked for new equipment acquisition with several land, naval and air platforms disclosed to be replaced or upgraded.
-
![New Zealand boosts defence spend to US$6.6 billion and vows increased closeness with Australia]()
New Zealand boosts defence spend to US$6.6 billion and vows increased closeness with Australia
This budget will be spent over the next four years and nearly doubles the country’s defence spending as part of GDP to 2%.
