Saudi Arabian Airlines and Lockheed Martin sign collaborative memorandum

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Saudi Arabian Airlines, the national flag carrier of the Kingdom of Saudi Arabia, and Lockheed Martin, the U.S. global security and aerospace company recently signed a memorandum to pursue potential new business opportunities together in the Kingdom, according the Saudi Gazette.

The agreement will influence the technical and commercial strengths of both companies to expand economic development and to create high value technical jobs for Saudi nationals.

The airline and Lockheed Martin have begun exploring the creation of a new training organization which will also provide technical training for the aviation and aerospace industry in the military and commercial sectors.

Director General of Saudi Arabian Airlines, Khalid Almolhem said that “We are excited about this initiative which combines our long, successful, history in aviation training and development with Lockheed Martin’s capabilities and experience in the global security and aerospace sectors.”

Chief Executive Officer and President of Lockheed Martin Corporation, Marillyn Hewson added that “Saudi Arabia is strategically important to Lockheed Martin. Our team in the Kingdom is committed to working with Saudi Arabian Airlines and other local partners to develop business opportunities which sustain long-term jobs for Saudi nationals in the security, aerospace and commercial sectors.”

The memorandum was signed by Almolhem and Ms. Hewson in the presence of Prince Fahad bin Abdullah Bin Mohammed, President of GACA and Chairman of the Board of Directors of Saudi Arabian Airlines and James B. Smith US Ambassador to Saudi Arabia.

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