News Agencies Feed 

Saudi aircraft firm reveals major growth plans

Saudi Arabia, May 27, 2018

The new Aircraft Accessories and Components Company (AACC) headquarters at King Abdul Aziz International Airport in Jeddah were officially opened on Friday by Saudi Arabian Military Industries (SAMI) Chairman Ahmed Al-Khatib.

In his opening speech, Eng. Mansour Al-Eid, AACC’s chief executive, said that the establishment of the General Authority for Military Industries and SAMI had helped to create jobs for Saudi people, boost the national income and increase the Kingdom’s export potential.
SAMI aims to contribute around SR14 billion ($3.73 billion) directly to Saudi Arabia’s gross domestic product (GDP).
Al-Eid said that the AACC aims to increase its job localization rate from 62 percent to 80 percent in the next two years.
The company is planning to increase repair capacity for Typhoon jets and the manufacture of major spare parts and hydraulic systems for the Hawk and Pilatus PC-21. It will also focus on the repair of landing systems for civilian aircraft and Lockheed C-130 aircraft systems — a first for the Middle East and North Africa region.
Al-Eid confirmed the company can now carry out maintenance on the largest commercial aircraft, including Boeing 777, and Airbus 320 and 380, in its facilities.
Al-Khatib witnessed the signing of several agreements between AACC, represented by Al-Eid, and Saudi Arabian Airlines, BAE Systems Saudi Arabia and the Saudia Aerospace Engineering Industries.
The AACC signed an agreement to maintain landing systems with Saudi Arabian Airlines, represented by its Director General Saleh Al-Jasser.
It also signed an agreement with BAE Systems Saudi Arabia, represented by Khalid Al-Otaibi, vice president for localization, for the localization of Typhoon and PC-21 hydraulic systems jobs.
The AACC signed an agreement to handle maintenance of C-130 aircraft system with the Saudia Aerospace Engineering Industries, represented by Mohammed Bahamaidan, vice president for the military sector.