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Raytheon and Pannesma name board members for joint venture operation in the Kingdom of Saudi Arabia

: Thursday, July 17 - 2014 @ 13:12

Raytheon Company and Pannesma Company Limited announced the board members of the Raytheon Atheeb Systems Limited (RASL) Joint Venture company in the Kingdom of Saudi Arabia. The Joint Venture agreement builds upon Raytheon’s and Pannesma’s long-standing, successful partnership of more than 20 years and their ongoing commitment to support and expand the Saudi Arabian industrial, technology and educational base. Company ownership is Raytheon 51 percent and Pannesma 49 percent.

RASL Board Members are:
• Kimberly Kerry, Raytheon, vice president, C4I Systems, MENA
• Louis Laroche, Raytheon, country leader, Kingdom of Saudi Arabia
• Robert Shanks, Raytheon, vice president, Legal, Raytheon International, Inc.
• Ted Millspaugh, Pannesma, general manager,
• Imad Alabdulqader, Atheeb, vice president, Projects

“Raytheon and Pannesma have had a successful partnership for many years and we look forward to working together to implement new, advanced technology projects within the Kingdom of Saudi Arabia,” said Tom Kennedy, Raytheon Chief Executive Officer.

To date, Raytheon and Pannesma have worked collaboratively on a number of projects including the Peace Shield command, control and communications program for the Royal Saudi Air Force. Currently, the companies are executing a major Command, Control, Communications, Computers and Intelligence (C4I) program for the Ministry of Defense.

“Partnering with companies such as Raytheon allows us to bring the best technology and talent to projects within our country,” said Prince Abdul Aziz bin Ahmed, Chairman of Pannesma and Atheeb Group. “The truly collaborative relationship we have with Raytheon also creates opportunities to focus on and develop Saudi-based talent.”

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Thursday, July 17- 2014 @ 13:12 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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