Ranger International Enters Saudi Partnership

21.11.2011 KSA
Ranger International Enters Saudi Partnership2

Ranger International Enters Saudi Partnership2

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Saudi-based holding company, Ranger Saudia, has entered into strategic partnership with Ranger International Services Group, a private equity consolidator from the US specializing in aerospace/defense services.

The teaming agreement between the two companies was arranged for the purpose of competitively responding to solicitations and tenders in Saudi and in other member nations of the GCC in the broad field of aerospace/defense projects in that region, a statement from the company said.  

Initial contracting pursuits have already commenced with various Saudi aircraft service companies for aircraft equipment calibration, and with the Royal Saudi Air Force for bidding on future airfield equipment projects and aircraft technical support programs.  

Ranger International already has a multi-site presence in the Gulf States region through its subsidiaries such as CAV International (airfield services) and US Logistics (tactical vehicle overhaul & RESET).  

Initial projects that are in-work with Ranger Saudia will be undertaken through Ranger TechWorks, the engineering services subsidiary of Ranger International, the statement said.

Steve Hanvey, President and CEO of Ranger TechWorks, said: “Our initial projects stem directly from the core strengths and past performance of Ranger TechWorks and other Ranger subsidiaries. I envision that we will have a substantial and growing presence on aerospace/defense projects throughout Saudi and the GCC States in the coming years.”

Steve Townes, Ranger Aerospace Founder and CEO of Ranger International Services Group, said: 'It is our privilege to co-invest with strong partners on behalf of a whole new array of international customers. Acting primarily as a subcontractor to Ranger Saudia or other Saudi-controlled companies, this venture will yield potentially dramatic growth in the next few years for our total enterprise.”


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