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Orbital forms Saudi joint venture

|By TAP Staff| Orbital ATK, Inc. (NYSE: OA), a global leader in aerospace and defense technologies, announced today the establishment of a jointly-owned subsidiary in Riyadh, Saudi Arabia, to support the company’s growing regional presence. The primary focus will be to strengthen Orbital ATK’s existing alliances in the country and collaborate with the Kingdom of Saudi Arabia to help it realize its self-sufficiency objectives in national security, defense and training.

Orbital ATK plans to work in partnership with local Saudi industry to develop indigenous capabilities to preserve peace and maintain stability.

“Orbital ATK has been serving the needs of Saudi Arabia for many years,” said Mike Kahn, President, Orbital ATK Defense Systems Group. “This new Saudi company reflects our long-term commitment to the Kingdom of Saudi Arabia, a strong ally of the United States.”

“We want to create a culture of excellence; a commitment to the highest standards in every aspect of the way we do business,” said Salman Al Malik, CEO of the new company, Alliant Techsystems Operations LTD.

“Saudi Arabia is strategically important to Orbital ATK,” said Amer Kayani, Chairman of the Board of Managers of the new Saudi company. “Our team in the Kingdom is committed to working with the Saudi Government and other local partners to develop business opportunities that sustain long-term jobs for Saudi nationals in the defense and security sectors.”

Orbital ATK’s Defense Systems Group is an industry leader in providing innovative and affordable precision and strike weapons, advanced propulsion and hypersonics, missile components across air-, sea- and land-based systems, ammunition and related energetic products.

/the netizen report

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