Dead Sea - Jordan. As part of the World Economic Forum (WEF) at the Dead Sea, Dr. Moayad Samman, Chairman and CEO of the King Abdullah II Design and Development Bureau (KADDB) signed a joint venture agreement with Mr. Mark T. Hornsby Managing Director of RiverHawk Worldwide LLC to establish Jordan RiverHawk Shipbuilding and Support, PSC.
KADDB and RiverHawk Worldwide LLC agreed on establishing Jordan RiverHawk Shipbuilding and Support to manufacture, market and supply AMP-137 Advanced Multi-mission Platform Vessels, Provide training and service and maintenance on each vessel sold, Explore the development of other vessels for customers in the region as well a provide maintenance services for other vessels.
The AMP 137 is a 42 meter, affordable, adaptable and reliable coastal patrol and security vessel ideally suited for the demands of modern maritime nations. It is an excellent regional "engagement' platform for use in Navy-to-Navy and joint nation building operations. The AMP 137 attributes include low cost construction, uncomplicated systems, integration, mission adaptability and cost-effective reliability.
Dr. Samman commented that establishing Jordan RiverHawk Shipbuilding and Support, PSC will widen KADDB's scope of work, to mark it on the map as a tri-service production entity.
Mr. Hornsby added that the partnership with KADDB will allow RiverHawk Worldwide to exchange the know-how with the Bureau and to benefit from the skilled workforce to manufacture top of the line vessels to be marketed to the Jordan Armed Forces as the number one customer to KADDB and then to the region.
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About KADDB
King Abdullah II Design and Development Bureau (KADDB) was established by a Royal Decree on the 24th of August 1999 to provide an indigenous capability for the supply of independent, high quality, efficient and cost-effective scientific and technical services to the Jordan Armed Forces (JAF). An indigenous, self-sufficient, commercially viable research and development facility, KADDB acts as a catalyst within Jordan for the design and manufacture of defence and commercial equipment and services, intended for use by both the JAF and for the civilian and military export markets elsewhere in the MENA Region.
About RiverHawk Worldwide
RiverHawk is a diversified investment firm that organises and invests in various companies focused on national defence, security and military technologies, products and services and provides merger, acquisition, divestiture and related corporate finance services to these various companies;
© Press Release 2009
