Saudi Arabia to Sign Memorandum With Boeing to Support Fleet

Saudi Arabia to Sign Memorandum With Boeing to Support Fleet
The 787 Aft Body manufacturing area is pictured at Boeing South Carolina in North Charleston, South Carolina, United States March 25, 2018. REUTERS/Randall Hill
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NEW YORK—Saudi Arabia will sign a non-binding agreement with Boeing for the U.S. plane maker to provide support and training to the kingdom’s fleet, the chairman of the state-owned military industrial company said on March 27.

With Saudi Arabia intending to localize 50 percent of its military industry by 2030, it is in discussions with U.S. companies to scale up their operations in the kingdom.