Saudi Military signs contract with Spanish shipbuilder Navantia for combat systems

State-owned Saudi Arabian Military Industries (SAMI) signed an agreement on Monday with Spanish state-held shipbuilder Navantia to set up a joint venture to provide combat systems, the new partnership's chief executive said on Monday. The SANNI venture, the name of which stands for SAMI Navantia Naval Industries, will integrate and adapt Navantia's combat management systems for Saudi navy corvette ships, said Antonio Barberan at the IDEX military exhibition in Abu Dhabi.

SANNI is also in talks with other potential customers in the Middle East, he said. SAMI owns 51 per cent of SANNI, with Navantia holding the remaining 49 per cent. In November SAMI and Navantia signed an agreement to jointly manufacture five corvettes for the Saudi navy.