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Private company

Advanced Electronics Company Limited

Logo: Picku67, CC BY-SA 4.0, via Wikimedia Commons3

Saudi Arabian state-owned company

Advanced Electronics Company (AEC) is a company in Saudi Arabia that was established in 1988 under the Economic Offset Program as per the directives of the government of Saudi Arabia. AEC is a state owned organization specializing in the field of defense, energy, Digital & security services, and modern electronics. AEC is a subsidiary of state-owned defense company Saudi Arabian Military Industries, whose parent company is Public Investment Fund (PIF).2 Wikipedia text CC BY-SA 4.0

Last updated Oct 21, 2026.

Overview

1988Founded1

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Photo: Picku67, CC BY-SA 4.0, via Wikimedia Commons5

Advanced Electronics Company (AEC) is a company in Saudi Arabia that was established in 1988 under the Economic Offset Program as per the directives of the government of Saudi Arabia. AEC is a state owned organization specializing in the field of defense, energy, Digital & security services, and modern electronics. AEC is a subsidiary of state-owned defense company Saudi Arabian Military Industries, whose parent company is Public Investment Fund (PIF).2

Acquisitions

In December 2020, the Saudi Arabian Military Industries (SAMI) fully acquired AEC, making it a 100% Saudi-owned company. The deal shall strengthen SAMI's presence in the defense industries market. It is the largest military industries deal ever concluded in Saudi Arabia.

In 2021, Ziad bin Houmod Al-Musallam was appointed the CEO of AEC.

From Wikipedia’s article on Advanced Electronics Company Limited, shared under CC BY-SA 4.0.4

Timeline

  1. 1988Founded Founded1

Funding

Where the company's money came from, by calendar year: private offerings filed with the SEC, federal grants, loans, contracts and other assistance from USAspending.gov, and PPP loans from the SBA. Each bar links to the records below.

Money received by year$349.2M 2009–2025
Money received by yearMoney received by year, 2009–2025: $349.2M in all. Federal contracts $349.2M.$0$25M$50M$75M$100M2009 · Federal contracts: $4.3M20092010 · Federal contracts: $6.7M2011 · Federal contracts: $3.2M20112012 · Federal contracts: $3.5M2013 · Federal contracts: $21.6M20132014 · Federal contracts: $3.2M2015 · Federal contracts: $17.1M20152016 · Federal contracts: $18.7M2017 · Federal contracts: $67.6M20172018 · Federal contracts: $24.9M2019 · Federal contracts: $98.0M20192020 · Federal contracts: $37.1M2021 · Federal contracts: $33.4M20212022 · Federal contracts: $2.1M20232024 · Federal contracts: $6.7M2025 · Federal contracts: $1.1M2025
Figures by year
YearFederal contractsTotal
2025$1.1M$1.1M
2024$6.7M$6.7M
2022$2.1M$2.1M
2021$33.4M$33.4M
2020$37.1M$37.1M
2019$98.0M$98.0M
2018$24.9M$24.9M
2017$67.6M$67.6M
2016$18.7M$18.7M
2015$17.1M$17.1M
2014$3.2M$3.2M
2013$21.6M$21.6M
2012$3.5M$3.5M
2011$3.2M$3.2M
2010$6.7M$6.7M
2009$4.3M$4.3M

Federal awards

Obligated amounts from USAspending.gov6, by calendar year, 2009–2025, for its registration. Obligations are what agencies committed, not always what was paid out. Contracts pay for goods and services; grants, loans and direct payments are assistance. Loans are charted at the face value of the loans listed here. An award’s amount below is its lifetime total, and some began before the years charted.

Largest contracts

  1. Apr 26, 2016$196.5M from Department of the Air Force: Rsaf f-15sa cyber protection and related facilities phase i7 To ADVANCED ELECTRONICS COMPANY LIMITED Award FA873016C0019
  2. Jan 5, 2017$29.0M from Defense Contract Management Agency: Igf::ot::igf develop in-kingdom depot level repair capabilities8 To ADVANCED ELECTRONICS COMPANY LIMITED Award FA850517F0006
  3. Dec 29, 2015$24.0M from Department of the Air Force: Igf::ot::igf contractor logistics and technical support for the modernization of the electronics system test set9 To ADVANCED ELECTRONICS COMPANY LIMITED Award 0006
  4. Apr 30, 2019$20.8M from Department of the Air Force: F-15 rsaf in-kingdom repair capability, earts upgrade10 To ADVANCED ELECTRONICS COMPANY LIMITED Award FA850519F0003
  5. Mar 13, 2013$18.8M from Department of the Army: Fms - panther radios11 To ADVANCED ELECTRONICS COMPANY LIMITED Award W56HZV13C0142

Sources

The numbers on this page point here. Each one links to the record it came from.

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