US Defense Company Boosts Presence in Saudi Arabia

© AP Photo / Saudi Press AgencyIn this Jan. 6, 2015, file image released by the Saudi Press Agency, Saudi King Salman gestures during a session at the Shura Council
In this Jan. 6, 2015, file image released by the Saudi Press Agency, Saudi King Salman gestures during a session at the Shura Council - Sputnik International
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A US aerospace and defense technology company has set up a jointly-owned subsidiary in Saudi Arabia specializing in national security, defense and training, Orbital ATK said in a press release issued on Thursday.

King Salman of Saudi Arabia speaks during a meeting with President Barack Obama in the Oval Office of the White House, on Friday, Sept. 4, 2015, in Washington - Sputnik International
Russia Could Propose Saudi Arabia Arms Contracts Worth $10Bln
WASHINGTON (Sputnik) — The announcement comes following reports that Saudi Arabian King Salman could visit Moscow at the end of November to discuss defense and other contracts with Russia worth up to $10 billion.

"Orbital ATK plans to work in partnership with local Saudi industry to develop indigenous capabilities to preserve peace and maintain stability," the release stated.

Orbital ATK’s Defense Systems Group produces precision and strike weapons, advanced propulsion and hypersonics, missile components across air-, sea- and land-based systems, the release explained.

The company also produces ammunition and related energetic products.

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