Advanced Electronics Company (AEC), a Saudi Arabian Military Industries (SAMI) company, concluded Thursday its participation in the Dubai Airshow 2019, with a number of important strategic announcements and strong visitor interest for its latest defense and aerospace solutions and services on display.
AEC highlighted its comprehensive booth of advanced avionics, electronics, C5ISR products and services, and electronic warfare. The company also highlighted its maintenance, repair, and overhaul (MRO) and manufacturing (MFG) capabilities at the biggest aerospace event in the Middle East, Asia, and Africa.
His Excellency Abdulhadi Ahmed Almansouri, President of the General Authority of Civil Aviation, and Staff Major General Ahmed Ali Humaid Al-Ali, Assistant Secretary General for Military Affairs, and Khalid Al-Jaouini, General Manager for Public Projects, Ministry of Defense visited AEC’s booth during the show, in addition to Major General Engineer Attiyah bin Jdeih Al Attiyah of the General Department of spare parts, maintenance and repair at the Saudi Ministry of Defense, and a number of high-profile dignitaries and industry experts.
Visitors were introduced to AEC’s latest technologies on display at Dubai Airshow including its flagship C5ISR systems and solutions, such as Cyber Security, Security Information and Event Management (SIEM), Data Diode, Air Observation Systems (AOS), and Command and Control systems (C4ISR), among others.
On 24 June 2019, Saudi Arabian Military Industries (SAMI) announced the signing of a Term Sheet Agreement to acquire 100% ownership in Advanced Electronics Company (AEC). The agreement signing took place at a Saudi Arabia - UK industry event in London in the presence of senior shareholder representatives, including His Excellency Ahmed Al-Khateeb, Chairman of SAMI, and Sir Roger Carr, Chairman of BAE Systems.
SAMI’s investment in AEC comes as part of SAMI’s ongoing efforts aimed at increasing local defense manufacturing in the Kingdom, in line with the directives of the Saudi Vision 2030.
AEC’s evolutionary growth has seen the company play a key role in localizing military manufacturing, deploying smart technologies, and accelerating industrial and commercial growth, while maintaining a Saudization rate of over 80% and 100% completion rate across more than 1,000 projects. AEC has developed its own framework, Aligned Integrated Methodology (AIM), which provides a standardized approach to governance and delivery, and comprises methodologies in Portfolio, Program and Project Management.
Over the past few years, AEC has witnessed a steady growth in its sales year on year, with net sales in 2018 rising to SAR 2.07 billion, compared to SAR 1.925 billion in 2017, and SAR 1.65 billion in 2016.