Saudi Aramco and Raytheon Company, through its subsidiary Raytheon Saudi Arabia, signed a Memorandum of Understanding to establish a joint venture (JV) company that aims to develop and provide best-in-class cybersecurity services in Saudi Arabia and the region.
The joint venture company will market and provide integrated defensive cybersecurity software and hardware capabilities, and perform research and development activities.
The JV will increase the cybersecurity protections available to Saudi Aramco, its suppliers, customers and affiliates. It also aims to help build world-class cyber capabilities in Saudi Arabia and the region.