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Aero Precision Industries LLC and Saudi Aerospace Company Sign Joint Venture

LIVERMORE, Calif. June 16, 2015


Aero Precision, a Greenwich AeroGroup company, has signed a joint venture agreement with Integrated Logistics Company, a subsidiary of Saudi Aerospace Company (SAC) to logistically support the Saudi Arabian Military and Civil aviation industry in the Gulf Cooperation Council.

The joint venture will operate under the name Aero Precision Industries Saudi Arabia and will have headquarters in Riyadh, Saudi Arabia in a state-of-the-art facility which is currently being constructed in North Riyadh, parallel to the prominent King Abdullah Financial District. The joint venture will provide logistics and component repair services, upgrades and modification across all platforms combining the resources and expertise of Aero Precision Industries LLC and Saudi Aerospace Company.

“Establishing Aero Precision Industries Saudi Arabia LLC, will strategically enhance what SAC has been promoting through its logistics arms,” said SAC President and CEO Mohamad Alharthy. “SAC is committed to being an industry leader in logistics with our MRO facilities and technical education academy and with the addition of the joint venture.”

“Aero Precision is very excited about its joint venture with a partner as strong as SAC in Kingdom,” said Aero Precision President Frank Cowle. “'Aero Precision Industries Saudi Arabia' gives us a footprint to launch campaigns for OEM's products and expand into Service and Logistical Support in the Middle East.”

Cowle also added, “This partnership is an ideal fit to offer world class service in Kingdom to the Royal Saudi Armed Forces and local industry, as well as the region. Aero Precision looks forward to representing OEMs and supporting the defense industry through this joint venture.”

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About Saudi Aerospace Company
SAC as a specialized division within Mohawarean International Group (MIG) since 2000, has grown to become an independent holding company within MIG. Its successful and rapid business development has allowed SAC to focus on and excel within the expanding defense, aviation, security, logistics and communication markets in Saudi Arabia. Headquartered in Riyadh, Saudi Aerospace Company has now become the premier In-Kingdom partner for leading international aviation and defense companies and provides professional services for domestic and international clients, in both the civilian and military sectors. Specializing in manufacturing, shipping, GIS, technical training, communication systems and engine overhaul and maintenance solutions, SAC is exceptional diversified in its field of specialties. More information about SAC and its subsidiaries is available at www.sac-mig.com.

About Aero Precision
Aero Precision is a leader in aerospace distribution and services and a premier worldwide stocking distributor of aircraft OEM parts. With over 20 years of reliability, quality products and customer service, Aero Precision facilitates the purchasing and R&OH process by sourcing all military aircraft parts requirements under its unique logistic support model. Aero Precision has sole stocking distribution agreements with Honeywell, UTAS (Hamilton Sundstrand), Crane Aerospace, Texstars, CEF, Woodward, Parker, Pall, Eaton, Marvin Test Solutions, ViaSat, Zodiac Aerospace and other strategic OEM partners for various product lines and supports 60+ countries worldwide. News and information are available at www.aeroprecision.com.

About Greenwich AeroGroup
Greenwich AeroGroup Inc., owns and operates providers of general, commercial, government and military aviation services including: maintenance, avionics and interior refurbishments; fixed base operations; aircraft sales, charter and management; manufacturing; component repair and overhaul and parts distribution. Current locations include: Aero Precision Industries, located in Livermore, Calif.; DAC International, located in Austin, Texas; Professional Aircraft Accessories, located in Titusville, Fla.; Professional Aviation Associates, located in Atlanta, Ga.; NASAM, located in South San Francisco, Calif.; Summit Aviation, located in Middletown, Del.; TruAtlantic Mfg., located in Kernersville, N.C.; and Western Aircraft, located in Boise, Idaho. Additionally, Greenwich AeroGroup owns an interest in Helivia Aero Taxi located in Rio de Janeiro. News and information are available at www.greenwichaerogroup.com.


 

For more information
Kasey Baker
316.201.3023
KBaker@greenwichaerogroup.com