in , , , ,

Raytheon, Saudi Aramco to Form New Cybersecurity Joint Venture; Dave Wajsgras Quoted

Raytheon, Saudi Aramco to Form New Cybersecurity Joint Venture; Dave Wajsgras Quoted - top government contractors - best government contracting event
https://executivebiz-media.s3.amazonaws.com/2022/08/19/30/9f/c3/a0/b7/6f/d4/64/Executive-Biz.png
Raytheon, Saudi Aramco to Form New Cybersecurity Joint Venture; Dave Wajsgras Quoted - top government contractors - best government contracting event
Dave Wajsgras

Saudi Aramco and Raytheon’s Saudi Arabian arm have agreed to set up a joint venture firm focused on cybersecurity through a memorandum of understanding.

The new JV will build and offer cyber defense hardware and software platforms, advance research-and-development work related to cybersecurity and provide related capabilities in Saudi Arabia and other countries in the Middle Eastern region, Saudi Aramco said Friday.

“Cybersecurity is critical to national and global security,” said Dave Wajsgras, president of Raytheon’s intelligence, information and services business.

“This MOU is an important step in creating a joint venture that we see becoming the cornerstone of cybersecurity defenses in the region,” Wajsgras added.

Khalid Al-Dabbagh, senior vice president of finance for strategy development at Saudi Aramco, said the JV supports the Middle Eastern country’s Vision 2030 that seeks to advance economic development and generate highly skilled jobs in the cybersecurity sector.

ExecutiveBiz Logo

Sign Up Now! ExecutiveBiz provides you with Daily Updates and News Briefings about General News

mm

Written by Jane Edwards

is a staff writer at Executive Mosaic, where she writes for ExecutiveBiz about IT modernization, cybersecurity, space procurement and industry leaders’ perspectives on government technology trends.

AT&T's Jill Singer Delivers Commencement Speech at University of West Florida - top government contractors - best government contracting event
AT&T’s Jill Singer Delivers Commencement Speech at University of West Florida
L3 to Offer Intelsat Broadband Service to Gov't Aviation Clients - top government contractors - best government contracting event
L3 to Offer Intelsat Broadband Service to Gov’t Aviation Clients