RIYADH: Raytheon Company and the Saudi Arabia Military Industries Company on Saturday signed a memorandum of understanding to cooperate on defense-related projects and technology development in a ceremony witnessed by King Salman and US President Donald Trump.
The agreement will enable continued global growth for Raytheon in key market areas such as air defense systems, smart munitions and cybersecurity of defense systems, according to a company statement.
This partnership will also contribute directly to Saudi Arabia’s localized defense ecosystem with regional expert capabilities, and will provide a long-term foundation for Saudi Arabia’s economic development.
“This strategic partnership is the next step in our over 50-year relationship in Saudi Arabia and a strong indicator of our continued global growth,” said Thomas A. Kennedy, Raytheon chairman and CEO.
“By working together, we can help build world-class defense and cyber capabilities in Saudi Arabia.”
As part of this new agreement, Raytheon on Saturday announced plans to establish Raytheon Arabia, a Saudi legal entity wholly-owned by Raytheon that will focus on implementing programs to create indigenous defense, aerospace and security capabilities in the Kingdom.
The new company will be based in Riyadh and is expected to include in-country program management, supply and sourcing capabilities, improved customer access and centralized accountability.
The programs will positively impact Saudi and American economies including job creation.
Raytheon, Saudi Arabia Military Industries in strategic partnership
Raytheon, Saudi Arabia Military Industries in strategic partnership
Saudi watchdog warns of possible health risk from Nestle baby formula
- Company voluntarily recalls its Nan, Alfamino, S-26 Gold and S-26 Ultima products over concerns they might be contaminated with cereulide, a toxin produced by bacteria
- Saudi Food and Drug Authority says recall is precautionary and no related illnesses have been reported, but advises consumers to dispose of recalled products immediately
RIYADH: The Saudi Food and Drug Authority on Tuesday warned the public not to consume certain Nestle infant formula products, after the company issued a voluntary recall over concerns about possible contamination.
The advisory covers products marketed under the Nan, Alfamino, S-26 Gold and S-26 Ultima brands. They might be contaminated with cereulide, a toxin produced by the Bacillus cereus bacteria, which can pose a risk to infant health, the Saudi Press Agency reported.
The Saudi authority said the recall was a precautionary measure and no related illnesses have been reported. Possible symptoms of exposure can include nausea, repeated vomiting and abdominal pain.
It advised consumers to dispose of the recalled products immediately, and said it was coordinating with Nestle to ensure they are removed from stores and is monitoring the process.
Full details of the affected products, including batch numbers, are available at the Saudi Food and Drug Authority website. The organization said consumers can report any food safety concerns by calling 19999.
