Raytheon Saudi Arabia Joins Forces with Pannesma for Strategic Pursuit of Saudi MOD Contracts

Riyadh 19 / DECEMBER / 2023   

RIYADH, Saudi Arabia – 19-12-2023 - Raytheon Saudi Arabia, a subsidiary of RTX, and Pannesma, a prominent member of the Atheeb Group, today announced a strategic alliance uniquely suited to meeting the future needs of the Saudi Ministry of Defense.

The alliance creates a structured platform for joint endeavors, marrying Raytheon’s global defense technology prowess with Pannesma’s intimate market expertise to furnish the Saudi MOD with Command and Control Communications, Computers and Intelligence Solutions (C4I) tailored to the unique demands of the Saudi Armed Forces.

Mr. Saad O. Al-Baiz, CEO Atheeb Group remarked, “In the domain of cutting-edge military technologies, forging a strategic alliance with Raytheon Saudi Arabia offers unparalleled advantages and possibilities to localize industry-leading capabilities and solutions in harmony with Vision 2030 initiatives that further enable unmatched operational efficiencies for our Defense Industry customers in the Kingdom of Saudi Arabia. This collaboration between Raytheon Saudi Arabia and Pannesma aims to further strengthen the defense industry ecosystem within Saudi Arabia and stimulate the Kingdom's defense sector.

Pannesma, an integral part of the Atheeb Group, boasts rich experience and a formidable local footprint in rendering integrated defense and security solutions. This alliance amplifies their capacity to offer bespoke, ultramodern solutions in sync with the Kingdom's national security protocols.

Bryan Barker Executive Director, Global Contracts for Raytheon remarked, “This alliance with Pannesma will allow Raytheon Saudi Arabia to combine our global know- how with the expertise of top-tier local enterprise. Together, we will furnish cutting-edge and transformative C4I solutions for the Kingdom.” -ENDS-

About Pannesma:
Pannesma is a wholly owned Saudi company within the Atheeb Group having corporate headquarters in Riyadh, Saudi Arabia. Pannesma has already successfully completed projects totaling over $1.3B to different service branches of the Ministry of Defense (MoD) in Saudi Arabia, including the RSAF, RSLF and RSNF. The completed projects include Technical Assistance (TA) and Maintenance, Repair and Overhaul (MRO) of Ships, Aircraft, Simulators and Command & Control systems. Pannesma is well-aligned with Saudi Arabia’s transformative Vision 2030 roadmap with a solid commitment to work with leading Defense Contractors to localize valuable capabilities and expertise within the Kingdom of Saudi Arabia.

About RTX:
RTX is the world’s largest aerospace and defense company. Our global team of 180,000 employees pushes the limits of known science and redefines how we connect and protect our world. We are advancing aviation, building smarter defense systems and creating innovations to take us deeper into space. The company, with 2022 sales of $67 billion, is headquartered in Arlington, Virginia.