SAMI's acquisition of AEC ties up loose ends Free
The sale of Advanced Electronics Co (AEC) to Saudi Arabian Military Industries (SAMI) serves an industrial purpose as well as settling some outstanding affairs with the House of Saud.
Thales is a defense electronics company in aerospace and defense industries. It came into being with the merger of Alcatel, Dassault Electronic and Thomson CSF and inherited the latter company’s naval activity, which it has developed in recent years. Thales now operates in 50 countries and has become a leading player in the defense industry.