ERAF Industries and Navistar Defense, LLC (Navistar Defense) announce the signing of a Memorandum of Understand (MoU) between the two companies. This important step demonstrates Navistar Defense’s commitment to the Kingdom of Saudi Arabia’s Vision 2030. ERAF Industries brings the necessary and required local manufacturing capabilities, technology and services to the Saudi Arabia defense industrial base.
“The MoU contains a framework for cooperation satisfying obligations under the Kingdom’s Vision 2030 economic plan,” said ERAF Chairman, President & Chief Executive Officer Abdullah Alameel. “It establishes a mutually beneficial cooperation between the two companies to jointly approach the opportunities in the Kingdom by utilizing their synergy in strong technical, logistical, industrial capabilities and effective collaborative effort.”
“Navistar Defense has a proud history of delivering and sustaining tactical mobility and logistical support vehicles for the U.S. military and its allies,” said Navistar Defense Chief Executive Officer Ted Wright. “The United States and the Kingdom of Saudi Arabia have a strong relationship established 75 years ago and we look forward to enabling the Royal Saudi military by addressing their vehicle requirements. Cooperation between Navistar Defense and ERAF is an important step in growing our presence in the Middle East, especially in Saudi Arabia and in supporting the Kingdom’s Vision 2030 plan.”