Aeronautics: MoU to Establish Collins Aerospace Ecosystem in Morocco Signed assahifa.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from assahifa.com Daily Mail and Mail on Sunday newspapers.
LONDON - Minister of Industry and Trade Ryad Mezzour and the Vice President of Supply Chain at Collins Aerospace, Kristopher Pinnow, on Monday signed a memorandum of understanding (MOU) aimed at creating in Morocco a supply ecosystem for Collins, a global specialist in aerospace and a subsidiary of US company Raytheon Technologies. The agreement, which is part of the development of aerospace projects to strengthen the sector's competitiveness in Morocco, was signed on the sidelines of the Farnborough Airshow, held from July 18 to 22. The Collins ecosystem will be revolved around suppliers and a sourcing platform based in Morocco. It will create 800 jobs and generate a cumulative turnover of USD 1 billion by 2032, according to both parties. "The birth of this new ecosystem carried by this global giant of the sector is the outcome of a successful strategic partnership, which opens great horizons for the development of aeronautics in Morocco," Mezzour said in a statement. &q