Boeing wants to boost its revenue from maintenance, repair and overhaul (MRO), Saudi Arabia wants to grow an indigenous aerospace and defense (A&D) industry and the Pentagon wants to strengthen ties with regional allied militaries. Now the three have found a way to help each other. Chicago-based Boeing and Saudi Arabian Military Industries (SAMI) announced March 30 they are forming a joint venture to direct spending and work on more than 55% of related MRO services for fixed- and ...
