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Tag Archives: Saudi Arabia

Roy Azevedo Named Raytheon Space & Airborne Systems President; Thomas Kennedy Quoted

Roy Azevedo, a nearly three-decade Raytheon (NYSE: RTN) veteran, has been appointed president of the company’s space and airborne systems business in a move that will take effect on Sept. 1. He will join the corporate leadership team and succeed Richard Yuse, who is due to retire on Dec. 31 …

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Lockheed Gets $282M Modification on Army PAC-3 Support Center Services Contract

Lockheed Martin (NYSE: LMT) will help in the post-production efforts of the Patriot Advanced Capability-3 missile support center under a $282 million contract modification from the U.S. Army. Work will run through May 19, 2019, and will support local clients and foreign military sales customers Germany, Japan, Kuwait, Netherlands, Qatar, Saudi Arabia, …

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Saudi Arabia’s defense minister visits Lockheed’s Silicon Valley facility; Marillyn Hewson comments

TYSONS CORNER, VA, April 10, 2018 — Saudi Arabia’s Defense Minister Crown Prince Mohammed bin Salman has toured Lockheed Martin’s (NYSE: LMT) Sunnyvale, California, facility that houses the company’s satellite programs and missile defense technology, ExecutiveBiz reported Monday. Lockheed said Friday the visit included a walk-through of a test facility …

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State Dept Clears $1.3B Sale of Self-Propelled Howitzer Structures to Saudi Arabia

The State Department has approved a potential $1.3 billion foreign military sale of 155mm M109A5/A6 medium self-propelled howitzer structures and associated equipment to Saudi Arabia. Saudi Arabia asked to buy 180 M109A5/A6 self-propelled howitzer structures from the U.S. government for conversion into 177 155mm M109A6 Paladin medium self-propelled howitzer systems, …

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Boeing, Saudi Firm Create JV for Military Aircraft MRO Localization; Leanne Caret Comments

TYSONS CORNER, VA, April 4, 2018 — Boeing (NYSE: BA) has signed a memorandum of agreement with state-owned company Saudi Arabian Military Industries to create a new joint venture that aims to localize at least 55 percent of maintenance, repair and overhaul work for Saudi Arabia’s fixed- and rotary-wing military …

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Boeing to Sign Saudi Arabia Fleet Support MoU With SAMI

TYSONS CORNER, VA, March 29, 2018 — Boeing (NYSE: BA) will sign a memorandum of understanding with state-owned company Saudi Arabian Military Industries to provide support services and fleet training, ExecutiveBiz reported Wednesday. The nonbinding agreement is in line with Saudi Arabia’s effort to localize 50 percent of its military …

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Booz Allen Forms Partnership for Cyber Education Effort in Saudi Arabia

TYSONS CORNER, VA, March 27, 2018 — Booz Allen Hamilton (NYSE: BAH) has entered into a partnership with the Saudi Federation for Cybersecurity and Programming in efforts to establish an education program and skills competition and develop local talent in cybersecurity, GovCon Executive reported Monday. The company said Friday the project aims to …

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State Dept OKs $1.08B in TOW 2B Missile, Maintenance Requests From Saudi Arabia

The State Department has approved Saudi Arabia’s request to buy TOW 2B missiles, repair parts and spares for combat vehicles and maintenance support services for its fleet of helicopters under three foreign military sales agreements worth approximately $1.08 billion combined. Saudi Arabia requested to procure Raytheon-built (NYSE: RTN) TOW 2B missiles …

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Navy Awards Lockheed $481M Contract to Fund Saudi Arabia Surface Combatant Ship Materials

Lockheed Martin (NYSE: LMT) has received a $481.2 million contract from the U.S. Navy to obtain long-lead-item materials the company will need to build four multimission surface combatant ships for Saudi Arabia. MMSC is designed to support littoral and open-ocean missions, the Defense Department said Monday. The Naval Sea Systems Command …

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Lockheed Gets $524M US, Intl Patriot Missile Contract Modification

Lockheed Martin (NYSE: LMT) has received a three-year, $523.8 million contract modification for the supply of updated Patriot missiles to the U.S. Army as well as Qatar, Saudi Arabia and Romania. The company will provide Patriot Advanced Capability-3 enhancement and cost reduction initiative missiles along with complementary support equipment through the modified domestic and …

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