Investing.com -- Leonardo, the Italian aerospace and defense group, announced on Monday that it has signed an agreement to broaden its collaboration with Saudi Arabia in the aerospace and defense sector.

This agreement builds upon a memorandum of understanding that was announced in early 2024. The memorandum explored multiple areas of collaboration, including the space industry, localization of electronic warfare systems and radars, and the assembly of helicopters.

While the financial details of the agreement have not been disclosed, the expanded collaboration is set to further enhance the capabilities of both Leonardo and Saudi Arabia in the aerospace and defense industry.

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