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  • Aerospace
    New White House Strategy Says Threats To Aviation System Are Broader
    Read story View all articles
  • Chemical
    Automation, AI to Disrupt Thailand's Labor Market
    Read story View all articles
  • Cybersecurity
    New White House Strategy Says Threats To Aviation System Are Broader
    Read story View all articles
  • Healthcare
    Implementing IIoT for the Manufacturing Industries
    Read story View all articles
  • Oil & Gas
    How IIoT is Changing the Oil and Gas Recruitment Process
    Read story View all articles
  • Power
    POWER Interview: The Future of Power Sector Engineering Amid Market Disruptions
    Read story View all articles
  • Transportation
    Telefonica, Seat Partner for 3 New Innovations
    Read story View all articles
Chemical Cybersecurity Oil & Gas
December 17 2018 5:17 pm

Saudi Aramco and Raytheon form cybersecurity joint venture

M

Mary Page Bailey

Saudi Aramco (Dhahran, Saudi Arabia; www.saudiaramco.com) and Raytheon Co. (Waltham, Ma.; www.raytheon.com), through its subsidiary Raytheon Saudi Arabia, signed a Memorandum of Understanding to establish a joint venture  company that will develop and provide best-in-class cybersecurity services in Saudi Arabia and the  region.

The joint venture company will market and provide integrated defensive cybersecurity software and hardware capabilities, and perform research and development activities.

The JV will increase the cybersecurity protections available to Saudi Aramco, its suppliers, customers and affiliates. It will also help build world-class cyber capabilities in Saudi Arabia and the region.

"We are excited about the joint venture which will support the Kingdom's Vision 2030 by creating highly skilled jobs for Saudis in the cybersecurity sector and will support the foundation for Saudi Arabia's economic development," said Saudi Aramco Senior Vice President of Finance, Strategy & Development Khalid H. Al-Dabbagh.

He added, "Demand for cybersecurity services is expected to grow as companies move further into the digital space and embrace technologies such as Internet of Things and big data. The partnership with Raytheon will help strengthen cybersecurity and enhance its infrastructure in Saudi Arabia and the broader region."

"Cybersecurity is critical to national and global security," said Dave Wajsgras, President of Raytheon Intelligence, Information and Services. "This MOU is an important step in creating a joint venture that we see becoming the cornerstone of cybersecurity defenses in the region."

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IIoT Connection delivers the latest news, trends, insights, events and research surrounding the dynamic and disruptive Industrial Internet of Things (IIoT) marketplace. Brought to you by the publisher of must-read publications Defense Daily, OR Manager, POWER and Chemical Engineering, as well as the conference producers of SATELLITE, Global Connected Aircraft Summit, Connected Plant Conference and ELECTRIC POWER, IIoT Connection is committed to providing the most comprehensive compilation of products and services dedicated to the Industrial Internet of Things. Key verticals with associated products and services include: aerospace, chemical, cybersecurity, healthcare, oil & gas, power, and transportation.


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