TYSONS CORNER, VA April 30, 2015 — Executive Mosaic — ExecutiveBiz reported Wednesday on Lockheed Martin (NYSE: LMT) receiving two orders of the A2100 communications satellite from Arabsat as part of the Riyadh-headquartered satellite operator’s fleet expansion plans.Lockheed said Tuesday that in conjunction with the contract award, it entered a joint venture deal with technology partners KACST and TAQNIA to perform space infrastructure and talent development in Saudi Arabia.
“This is a great step forward to support both Arabsat and the kingdom’s long-term strategy to provide consumers and commercial customers with robust communications resources, †said Mike Hamel, vice president and general manager of Commercial Space at Lockheed Martin.
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