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Saudi's SAMI, Spain's Navantia sign $991 million defence deal

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RIYADH (Reuters) – A joint venture between state-owned Saudi Arabian Military Industries (SAMI) and Spanish state-held shipbuilder Navantia signed a 900 million euro (803.63 million pounds) deal to adapt Navantia’s combat management systems for Saudi navy corvette ships.

The contract was signed at a defence fair in London this week, Saudi state news agency SPA said on Wednesday.

In addition to combat systems integration, the new agreement will focus on system engineering and architecture, hardware design, software ‎development, testing and verification, prototyping, simulation, and modelling, the report said.

SAMI and Navantia signed an agreement last year to jointly manufacture five corvettes for the Saudi navy.

(Reporting by Stephen Kalin; editing by Jason Neely)

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