Close Menu
The Oasis Report
  • Home
  • Analysis
  • Business
  • Economy
  • Finance
  • Investor
  • Market
  • Opinion
  • Saudi Arabia
  • Startups
What's Hot

Oil Falls Nearly 4% as Iran’s Retaliation Focuses on Regional US Military Bases

June 23, 2025

Real estate stocks bolster the Dubai market despite conflict

June 23, 2025

Oil markets react to Iran strikes: Nothing to see here – yet

June 23, 2025
Facebook X (Twitter) Instagram
Trending
  • Oil Falls Nearly 4% as Iran’s Retaliation Focuses on Regional US Military Bases
  • Real estate stocks bolster the Dubai market despite conflict
  • Oil markets react to Iran strikes: Nothing to see here – yet
  • EU Needs Rare Earths Strategic Reserves against China Threat
  • From JAECOO 7 to JAECOO 5: JAECOO revolutionizes Saudi Mobility Experience with a Comprehensive Product Matrix
  • Iran-Israel Tensions Threaten Global Trade, Energy Security
  • Special report: Sustainable finance in Egypt
  • Oman sovereign fund’s assets increased to $53bn in 2024
  • Home
  • About Us
  • Advertise With Us
  • Contact Us
  • DMCA
  • Privacy Policy
  • Terms & Conditions
Facebook X (Twitter) Instagram
The Oasis ReportThe Oasis Report
Tuesday, June 24
  • Home
  • Analysis
  • Business
  • Economy
  • Finance
  • Investor
  • Market
  • Opinion
  • Saudi Arabia
  • Startups
The Oasis Report
Home » We Will Invest $3.4 Billion to Expand Refinery in US

We Will Invest $3.4 Billion to Expand Refinery in US

adminBy adminMay 14, 2025 Startups No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email


Boeing has positioned its F-15EX fighter jet as a cornerstone of its strategy to support Saudi Arabia’s growing defense sector and ambitions for self-reliance as the Kingdom moves to localize over half of its military spending under Vision 2030.

The US aerospace giant said the F-15EX offers not only a cutting-edge combat platform but also an opportunity to build a fully integrated local industrial base, including manufacturing, maintenance services, knowledge transfer and training of Saudi talent.

The F-15EX is one of the most advanced fighter aircraft in the world, said Rob Novotny, the Executive Director of F-15 Business Development at Boeing’s Air Dominance Division, in exclusive statements to Asharq Al-Awsat.

The company is looking to work closely with Saudi partners, particularly the Saudi Arabian Military Industries company (SAMI) to localize production and technical support within the Kingdom, revealed Novotny.

Speaking on the sidelines of a visit by US President Donald Trump to Riyadh, Novotny said the F-15EX offers a significant leap from earlier variants of the aircraft. It is equipped with an advanced AESA radar, a next-generation electronic warfare suite and digital flight controls that enhance maneuverability and operational efficiency.

Designed to meet the demands of next-generation warfare, the F-15EX is compatible with both manned and unmanned systems and can carry up to five times the ground-attack munitions and six times the air-to-air missiles compared to previous versions, he said.

The F-15EX delivers a combination of high performance, extended range and up to 50% lower operating costs compared to other fighters, making it a strategic and economic choice for air forces looking to modernize their fleets, Novotny explained.

He moved on to highlight that the F-15EX shares around 95% compatibility with the current F-15 models used by Saudi forces, allowing for a seamless integration that reduces the need for major new training programs or support infrastructure.

Boeing sees this as a key advantage for the Kingdom as it modernizes its air capabilities without disrupting existing operations.

Beyond aircraft delivery, the company is positioning itself as a long-term partner in Saudi Arabia’s military transformation. It is working to establish sustainable local capabilities through technology transfer, simulation-based educational programs, and advanced technical training for Saudi personnel.

These efforts are supported through collaboration with the state-owned SAMI, with projects already under way to localize production, maintenance, and upgrades of the F-15EX within the Kingdom.

Boeing also plans to double production of the F-15EX by 2026 to meet rising global demand, with Saudi Arabia expected to be among the first to benefit from the expanded capacity.

The company views Saudi Vision 2030 as a strategic framework for long-term cooperation. Boeing aims to expand its industrial presence through enduring partnerships focused on technology transfer, job creation, and the localization of defense capabilities, positioning the F-15EX as a flagship example of advanced military integration between the two sides, Novotny added.



Source link

admin
  • Website

Keep Reading

Oil Falls Nearly 4% as Iran’s Retaliation Focuses on Regional US Military Bases

EU Needs Rare Earths Strategic Reserves against China Threat

Iran-Israel Tensions Threaten Global Trade, Energy Security

World Bank Warns of Long-Term Fallout from Regional Conflict

Yemen’s Fragile Economy Feels the Heat of Iran-Israel Conflict

Oil Prices Spike after US Strikes on Iran

Add A Comment
Leave A Reply Cancel Reply

Editors Picks

Real estate stocks bolster the Dubai market despite conflict

June 23, 2025

Special report: Sustainable finance in Egypt

June 23, 2025

Oman sovereign fund’s assets increased to $53bn in 2024

June 23, 2025

Kuwait to issue $6.6bn bonds despite regional conflict

June 23, 2025
Latest Posts

Where are investors putting money?

June 18, 2025

Oil prices on track for solid weekly gains as China and U.S. resume trade talks

June 6, 2025

Oil slips on U.S. stockpile build, Saudi Arabia price cuts

June 5, 2025

Subscribe to News

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Welcome to The Oasis Report, your trusted source for the latest news and insights on startups, markets, business, economy, and finance in Saudi Arabia. We are dedicated to providing timely, accurate, and in-depth coverage of the ever-evolving financial and business landscape in the region.

Facebook X (Twitter) Instagram Pinterest YouTube

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Facebook X (Twitter) Instagram Pinterest
  • Home
  • About Us
  • Advertise With Us
  • Contact Us
  • DMCA
  • Privacy Policy
  • Terms & Conditions

© 2025 theoasisreport. Designed by TeraSolutions.io

Type above and press Enter to search. Press Esc to cancel.