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News & Reports |Special Feature  |  On The Move | Global Outlook |Q + A
Greece’s HAI wins Saudi MRO Contract

Sector:Defence
Date Created:Thu 11th Feb 2010, 14:48:44
Source:Defence Aerospace
Link:http://www.defense-aerospace.com
The Ministry of Defense & Aviation & Inspectorate General of the Kingdom of Saudi Arabia has awarded a contract for the maintenance of the Royal Saudi Air Force (RSAF) T56 Engines to Hellenic Aerospace Industry (HAI) and the Middle East Propulsion Company (MEPC).

The HAI and MEPC team participated in the respective international tender and successfully competed among all other T56 Authorized Maintenance Centers operating worldwide.

The contract is worth USD 43 million for a period of three (3) years under which, the contractor will provide maintenance, repair, overhaul, and testing services of the T56 engines, modules and components, that power one of the world’s largest fleet of C-130 aircraft of the Royal Saudi Air Force.

This contract is of high importance to HAI because it fulfills its main strategic objectives, which are:

--The export-oriented marketing strategy, which has led HAI during the last five years to increase its international business activity, balancing the exports / imports mixture (50/50) of signed contracts.
--The T56 aeroengines to become core business for HAI and capture business from the world market. A choice based on the fact that this engine is one of the most widely used engines (7,500 engines worldwide). Moreover, HAI, due to its long experience in maintaining this type of engine for more than 30 years, has obtained the authorization by Rolls Royce to operate as one of the seven Authorized Maintenance Centers in the world.
--HAI to establish a strong presence in the Kingdom of Saudi Arabia and to pursue more business not only in Saudi Arabia but also in the wider region.
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