| Dubai, UAE – November 14, 2017 – StandardAero has entered into an exclusive teaming agreement with GDC Middle East (GDC ME) and Horizon Shield Corporation of Riyadh to provide MRO services, engineering support and design services for military aircraft operators in the Kingdom of Saudi Arabia. The three-year teaming agreement will initially cover government-owned rotorcraft for the Saudi Navy, Air Force and Land Forces. Commenting on the teaming agreement, Simon Jones, President of StandardAero/Vector Global Services, said: “Saudi Vision 2030 is built around three themes: a vibrant society, a thriving economy and an ambitious nation. Vector is extremely pleased to extend its decades-long history of providing reliable aviation services to Saudi Arabia. By teaming with leading high quality service providers such as GDC ME and Horizon, we are confident of achieving incremental growth for all three firms while also helping to meet the ambitious goals of Saudi Vision 2030.” Mr. Fawaz Alsharabi, GDC Middle East’s CEO, commented: “We are very glad to team up with StandardAero and Horizon Shield, as we are planning to offer more aerospace and engineering services to our local customers and thus meet our main objectives in line with Saudi Vision 2030 vision, namely diversifying our national economy, pursuing the transfer of technology into the Kingdom, and generating local job opportunities.” GDC Middle East is a Saudi Public Investment Fund (PIF) company based in Riyadh, specializing in aerospace engineering, systems solutions, and operation & support. GDC Middle East is currently in the process of expanding its presence throughout Saudi Arabia, including in Riyadh, Jeddah and the Eastern region, through several projects with local customers. GDC Middle East’s services are provided by skilled local capabilities, with highest level of reliability and safety, supported by the latest in aerospace and defense technologies. Since its establishment in 2008, Horizon Shield has established itself as a premier provider of maintenance, modification and refurbishment services to operators in Saudi Arabia and the local region, while at the same time expanding its facility at the Prince Sultan Air Base in Al Kharj. StandardAero/Vector Aerospace will be showcasing its wide range of helicopter airframe, component and engine MRO capabilities at this year’s Dubai Airshow, being held at DWC, Dubai Airshow Site, during November 12-16. To learn more about the extensive range of aircraft and engine support offerings provided from the company’s 40-plus global locations, please visit the team of experts at Stand 2028 during the show. StandardAero is one of the world’s largest independent providers of services including engine and airframe maintenance, repair and overhaul, engine component repair, engineering services, interior completions and paint applications. StandardAero serves a diverse array of customers in business and general aviation, airline, military, helicopter, components and energy and markets. The company celebrated its 100th year of industry leadership in 2011. In 2015, StandardAero was purchased by Veritas Capital, a leading private equity firm headquartered in New York City. Veritas invests in companies that provide critical products and services to government and commercial customers worldwide including those operating in aerospace & defense, healthcare, technology, national security, communications, energy and education. More information can be found on the company’s web site at www.standardaero.com. |