Altadrea Manufacturing Company (TMC), one of the largest armored vehicle manufacturers in Saudi Arabia, has signed a Memorandum of Understanding (MoU) with Teledyne FLIR, a world leader in intelligent sensing solutions for defense and industrial applications.
The agreement will build strategic cooperation between the two companies to explore development and innovation. It is in line with TMC’s 5-year strategy to double its operating capacity by 2025, diversify its portfolio of customers in the public and private sectors, and consolidate its position as the most reliable manufacturer of customized military vehicles in the Kingdom.
The MoU was signed by Altadrea CEO Ayoub bin Fawzi Ayoub bin Sabri and Teledyne FLIR Vice President of Strategic Commercial Initiatives Ole Aguirre.
“The MoU with Teledyne FLIR is a major step forward and it is aligned with the strategic aim of the Saudi General Authority of Military Industries (GAMI), under Vision 2030 to localize the military industry by more than 50% and increase competitiveness in the sector,” said Altadrea’s CEO.
“It will also add value to the Saudi military industry by strengthening local industrial and defense capabilities and facilitating a transfer of technical knowledge to the Kingdom”.
