AMMROC to become wholly owned by EDGE Group
EDGE Group acquires the remaining 40 per cent stake currently held by Lockheed Martin Corporation and Sikorsky in AMMROC.
Capital Goods
Taqnia to build satellite ground system with Lockheed Martin
The Saudi Technology Development and Investment Company (TAQNIA) and Lockheed Martin will develop and deploy the new ground segment for the secure and commercial operations of SaudiGeoSat-1.
SAMI acquires Advanced Electronics Company
Saudi Arabian Military Industries (SAMI) announced the signing of a Term Sheet Agreement to acquire 100 percent ownership in Advanced Electronics Company (AEC).
Lockheed Martin awarded contract to build F-16 Block 70 aircraft for Bahrain
Lockheed Martin received a $1.2 billion contract from the U.S. government to produce 16 new F-16 Block 70 aircraft for the Royal Bahraini Air Force.
Robert Harward to lead Lockheed Martin Middle East
Lockheed Martin announced that Robert Harward will expand his role to lead the company’s growing regional business as CEO of Lockheed Martin Middle East.
Gulf Craft appoints Gregory Yeakle as CEO
Ajman-based Gulf Craft, one of the world’s largest luxury ship builders, has appointed Gregory Yeakle to be their new Chief Executive Officer.
DAE Capital names David Houlihan as President
Dubai Aerospace Enterprise (DAE) has announced today the appointment of David Houlihan to the newly created position of President of DAE Capital.
EGA inaugurates Ducab Aluminium Company
Emirates Global Aluminium has officially inaugurated Ducab Aluminium Company (DAC), a manufacturer of aluminium rods and overhead conductors.
Saudi arms manufacturer names Andreas Schwer as CEO
Saudi Arabian Military Industries (SAMI) today announced a new board of directors and the appointment of Dr. Andreas Schwer as Chief Executive Officer.