In February 2016, Sikorsky, a Lockheed Martin Company, signed an agreement to establish a joint venture with TAQNIA Aeronautics that will jointly explore helicopter production opportunities in Saudi Arabia. This agreement outlines the investment required, technology specification, and skills needed to establish a multi mission utility/attack helicopter final assembly line to produce Sikorsky S-70 BLACK HAWK helicopters in Saudi Arabia. Establishing the assembly line will provide high-skilled production jobs for Saudi citizens, enable technology transfer, and increase localization of the defense sector expenditure. TAQNIA will leverage its relationship with the Space and Aeronautics Research Institute at KACST to ensure the success of this partnership, as previously done with the ANTONOV Project (AN-132), where it have seen major strides with. TAQNIA Aeronautics will market the Black Hawk aircraft to members of the Islamic Alliance as well as other local companies such as Saudi ARAMCO.