Pannesma Co.

What Pannesma Co. does

Pannesma Co. Ltd. (شركة بان نسما المحدودة) is a Saudi Arabian defense and technical services company founded in 1981 as a joint venture between Nasma Company and Pan AM Global Services, and today wholly owned by Etihad Group (مجموعة عذيب). Headquartered in Riyadh with supporting offices in Dhahran, Tabuk, Taif, and Khamis Mushait, the company delivers an integrated portfolio of aircraft and naval Maintenance, Repair, and Overhaul (MRO), C4ISR systems support, supply chain management, training and simulation, cybersecurity (via sister company Etihad Integragraph), and facility design, construction, operation, and maintenance, primarily for the Saudi Ministry of Defense and Armed Forces. The company also supports major international defense primes operating in Saudi Arabia and is licensed by GAMI, with Platinum-tier classification in the national Saudization program.

The business model is project-based and contract-driven: Pannesma operates through direct enterprise field sales to Saudi defense ministries and partnerships with global defense primes (Lockheed Martin, Raytheon, Airbus, BAE Systems) for localized service delivery, with engagement structured around long-term technical and administrative service contracts and specialized MRO arrangements. Pricing is quote-based and not publicly disclosed. The company employs approximately 1,500 skilled professionals with a current Saudization rate of 68% and has executed projects valued at more than SAR 5 billion (approximately USD 1.3 billion) cumulatively. Recent strategic moves include a strategic partnership with Raytheon for C4I systems (December 2023), a trilateral MRO cooperation agreement with UAE-based GAL and AMROK (February 2025), MoUs with SkyCore Aviation and ATC for MRO localization and military aviation training (February 2026), and a new corporate identity launch at the World Defense Show 2026 concurrent with Platinum-tier Saudization classification.

Name

Pannesma Co.

Legal name

شركة بان نسما المحدودة (Pannesma Co. Ltd.)

Website

https://pannesma.sa

Company type

Private

Founded year

1981

Operating status

Operating

Headcount range

101–250 employees

Short description

Pannesma Co. Ltd. is a Saudi Arabian defense and technical services company, wholly owned by Etihad Group, delivering aircraft and naval MRO, C4ISR systems support, facility management, and training primarily to the Saudi Ministry of Defense and global defense primes operating in the Kingdom.

Ownership category

akta.pro rank

Product category

Defense Support Services

NAICS

Computer Systems Design and Related Services (54151)

SIC

Services-Computer Integrated Systems Design (7373), Services-Management Services (8741)

akta.pro primary industry

Defense Infrastructure, Installations & Base Operations (BPAIAHAK)

akta.pro secondary industry

Military Aircraft MRO & Depot Maintenance (IMABALAN)

Keywords

• Defense support services
• Aircraft MRO services
• Naval vessel maintenance
• C4ISR systems support
• Defense facility management

Headquarters

HQ city

Riyadh

HQ country

Saudi Arabia

HQ region

Middle East

Offices5 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Supply Chain, Infrastructure

Revenue model

1. Technical and Administrative Services: Project-based technical and administrative service contracts for defense ministries, including technical support, facility management, and operational services.
2. Maintenance, Repair, and Overhaul (MRO) Services: Specialized MRO services for military aircraft, ships, and defense systems under long-term contractual arrangements.
3. C4I Systems and Defense Solutions: Command, Control, Communications, Computers, and Intelligence (C4I) systems integration and support services for Saudi Ministry of Defense.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels6 records

Core offering

Pannesma Co. provides integrated defense and technical support services to the Saudi Ministry of Defense and global defense contractors. Its core offerings include aircraft and naval vessel Maintenance, Repair, and Overhaul (MRO); C4ISR systems support; technical and administrative services; supply chain management; facility design, construction, operation, and maintenance; training and simulation support; and cybersecurity solutions, all delivered under long-term project-based contracts.

Product overview

Pannesma Co. is a defense and technical services company offering an integrated portfolio of services for the Saudi Arabian military and defense sector. The company provides aircraft and vessel maintenance, repair and operations support; supply chain and logistics management; facility design, construction and maintenance; training and simulation support; and C4ISR systems support. As part of the Otaib Group, the company focuses on supporting Vision 2030 localization objectives in the defense sector.

Differentiator

Problem solved

Functional benefit

Products and services

• Aircraft Maintenance, Repair, and Operations Support Support services for aircraft and vessel maintenance, repair, and operations, including technical support and engineering assistance for military aviation clients such as the Royal Saudi Air Force.
• Ship Maintenance, Repair, and Operations Capabilities Comprehensive maintenance, repair, and operational support services for naval vessels and maritime defense assets, serving clients such as the Royal Saudi Naval Forces.
• Supply Chain Management Global logistics services, procurement, and personnel management solutions for defense and military operations, supporting supply chain needs across the Saudi defense sector.
• Facility Design, Construction, Operation, and Maintenance End-to-end services covering the design, construction, operation, and maintenance of defense facilities and infrastructure for the Saudi armed forces and allied entities.
• Training and Simulation Support Services Training support and simulation services for military aviation and defense operations, supporting warfighter readiness for the Saudi armed forces.
• C4ISR Systems Support Technical and operational support for Command, Control, Communications, Computers, Intelligence, Surveillance, and Reconnaissance (C4ISR) systems, delivered in partnership with global primes such as Raytheon for the Saudi armed forces.
• Cybersecurity Services Cybersecurity and digital governance solutions addressing modern digital security challenges for defense and critical infrastructure clients, including Aramco SACS-002-compliant software compliance services delivered via sister company Etihad Integragraph.

Quantifiable outcome

• Over SAR 5 billion (USD 1.3 billion) in successfully executed projects
• +2 more outcomes

Named customers6 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Eleven partnerships are on record, tiered core and minor.

• SkyCore AviationcoreStrategic or Co-development Partner · 10 February 2026International company headquartered in Chesapeake, Virginia, USA, specializing in military aircraft MRO services, particularly for rotary-wing aircraft (helicopters). MoU signed at World Defense Show 2026 to collaborate on localizing military aircraft MRO capabilities and developing advanced maintenance capabilities.
• Aviation Training Consulting LLC (ATC)coreStrategic or Co-development Partner · 9 February 2026US-based company headquartered in Oklahoma, USA, specializing in military aviation training and support. MoU signed at World Defense Show 2026 to establish a Saudi LLC for military aviation training and technology transfer, aligned with GAMI regulatory frameworks and Saudi Vision 2030.
• GAL AMROK Trilateral AgreementcoreStrategic or Co-development Partner · 19 February 2025Trilateral cooperation agreement signed at IDEX 2025 between Pannesma (Saudi Arabia), GAL (UAE), and AMROK (UAE) for military rotary-wing aircraft MRO operations in Saudi Arabia, enhancing central maintenance facilities and localizing MRO services to global standards.
• Lockheed MartincoreStrategic or Co-development Partner · 1 January 1991Long-standing strategic partnership established in 1991 with one of the world's leading defense contractors. Pannesma provides local support services for Lockheed Martin's defense programs in Saudi Arabia.
• Raytheon (RTX)coreStrategic or Co-development Partner · 1 January 1991Strategic partnership spanning over 30 years. In December 2023, Raytheon Saudi Arabia and Pannesma announced a strategic partnership to provide C4I (Command, Control, Communications, Computers, Intelligence) systems tailored for Saudi Armed Forces. Also hosts working dinners with Raytheon executives in Riyadh and participated in Farnborough International Airshow 2024.
• AirbuscoreStrategic or Co-development PartnerLong-standing business relationship with Airbus for defense-related services and support in the Saudi market.
• BAE SystemscoreStrategic or Co-development PartnerBAE Systems visited the Etihad Group headquarters in November 2023 along with GAMI officials to review services and capabilities as a Saudi supplier for the Future Combat Air System (FCAS) program.
• Gal (UAE)coreStrategic or Co-development PartnerUAE-based company specializing in global operations, supply, and integrated aviation services. Signed a joint cooperation agreement in November 2023 at Dubai Airshow 2023 for military aircraft maintenance in Saudi Arabia. Visited AMROK facility in Al Ain in November 2025 to expand industrial cooperation in MRO.
• AMROK (UAE)coreStrategic or Co-development PartnerUAE-based advanced military MRO center located in Al Ain. Signed trilateral cooperation agreement with Pannesma and GAL in February 2025 at IDEX 2025 for military aircraft maintenance in Saudi Arabia. Visited in November 2025 to explore expanding industrial cooperation.
• Dawson (USA)minorStrategic or Co-development PartnerUS-based company providing specialized technical services and innovative software solutions for government and commercial customers including military MRO, infrastructure, logistics, training, facility establishment, public safety, and environmental protection. Hosted working dinner in Riyadh in May 2024.
• Etihad Integragraph Saudi ArabiacoreOthersSister company under Etihad Group specializing in IT systems for critical missions, MRO technical support, and cybersecurity. Obtained Aramco SACS-002 cybersecurity compliance certification in December 2023. Has over 40 years of experience alongside Pannesma.

Scale indicators5 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Saudi Arabian Military Industries (SAMI): Saudi Arabia's national defense champion, wholly owned by PIF. Competes directly with Pannesma across defense services, MRO, and localization-mandated contracts under GAMI.
• Advanced Electronics Company (AEC): Saudi defense electronics and systems integrator, part of the country's localization push. Provides overlapping C4ISR and defense services to Saudi MoD, competing for the same localization-mandated programs.
• GAL (Global Aerospace Logistics): UAE-based military aircraft MRO and integrated aviation services company; signed joint cooperation with Pannesma in Nov 2023 and trilateral agreement with AMROK in Feb 2025. Directly comparable as a regional military MRO platform.

Broad incumbents

• BAE Systems: Global defense prime and partner reviewing Pannesma for the FCAS program. Comparable as a Saudi-aligned defense supplier with overlapping MRO and capability-transfer scope.
• Lockheed Martin: Global defense prime and 30+ year Pannesma partner. Comparable as the source of major defense platforms Pannesma services, with overlapping Saudi defense footprint via local partner programs.
• Airbus Defence and Space: Global aerospace and defense prime and long-standing Pannesma partner. Comparable as a Saudi defense incumbent with overlapping MRO and platform-support scope in the Kingdom.
• EDGE Group (Emirates): UAE's flagship defense conglomerate. Comparable as a regional defense services and MRO platform serving GCC armed forces with similar scope to Pannesma's planned regional MRO hub.
• Raytheon (RTX): Global defense prime and C4I strategic partner of Pannesma (Dec 2023). Comparable as a C4ISR systems supplier and Saudi defense incumbent whose local delivery depends on Pannesma.

Regional players

• International Golden Group (IGG): UAE-based defense services and government solutions provider. Comparable as a GCC defense services platform with overlap in military support and government contracts.

Emerging players

• AMROK: UAE-based advanced military MRO center in Al Ain; Pannesma partner under Feb 2025 trilateral agreement. Comparable as a regional MRO specialist serving GCC military customers.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/pannesmacompany
• YouTubeyoutube.com/channel/UCz-LK-6KvcJy38KaR5nnUkg
• Facebookfacebook.com/pannesmacompany
• LinkedInlinkedin.com/company/pannesma-co-ltd
• Instagraminstagram.com/pannesmacompany

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Pannesma Co.