Lockheed Martin Corporation : Lockheed Martin To Partner With King Abdulaziz City For Science And Technology (KACST) In Saudi Arabia
January 30, 2012 at 05:54 pm EST
By
Share
RIYADH, Saudi Arabia, January 30, 2012 -Lockheed Martin
[NYSE: LMT] and the King Abdulaziz City for Science and
Technology (KACST) today announced the launching of a
partnership to research and promote science, technology and
innovation, continuing a 45 year relationship between
Lockheed Martin and the Kingdom.
Under a newly signed Memorandum of Understanding (MOU)
Lockheed Martin and KACST will coordinate with government
agencies, academic institutions and other organizations to
enhance joint research, increase knowledge sharing and
support the development of national policy regarding
science and technology in the Kingdom.
"We are pleased to work with an industry leader such
as Lockheed Martin to enhance and build science, technology
and innovation capabilities in Saudi Arabia," said His
Excellency Dr. Mohammed ibn Ibrahim Al-Suwaiyel the
President of KACST.
"Lockheed Martin looks forward to a long and productive
partnership with KACST as part of our growing engagement in
Saudi Arabia," said Alan M. Chinoda, Lockheed Martin Saudi
Arabia Chief Executive. "We are honored to be working
with such a prestigious organization on the development of
innovative and sustainable technologies for the
Kingdom. There's so much we can learn from each
other. This collaboration will also assist us in our
efforts with the EOC and the Babson College project.
KACST's BADIR organization will help entrepreneurs and
ideas with the technology commercialization."
KACST is an independent scientific organization
administratively reporting to the Prime Minister. KACST is
both the Saudi Arabian national science agency and its
national laboratories. The science agency function involves
science and technology policy making, data collection,
funding of external research, and services such as the
patent office. KACST has more than 3000 employees.
Headquartered in Bethesda, Md., Lockheed Martin is a global
security company that employs about 123,000 people
worldwide and is principally engaged in the research,
design, development, manufacture, integration and
sustainment of advanced technology systems, products and
services. The Corporation's net sales for 2011 were
$46.5 billion.
distribué par
Ce noodl a été diffusé par Lockheed Martin Corporation et initialement mise en ligne sur le site http://www.lockheedmartin.com. La version originale est disponible ici.
Ce noodl a été distribué par noodls dans son format d'origine et sans modification sur 2012-01-30 21:22:21 PM et restera accessible depuis ce lien permanent.
Cette annonce est protégée par les règles du droit d'auteur et toute autre loi applicable, et son propriétaire est seul responsable de sa véracité et de son originalité.
Lockheed Martin Corporation specializes in the design, manufacturing and marketing of aeronautic, submarine, and aerospace systems. Net sales break down by activity as follows:
- sale of aeronautic systems (40.7%): military and civilian aircraft, primarily for government organizations;
- sale of helicopters, mission and electronic systems (24%): military and commercial helicopters, ships, sea and land-based missile defense systems, radars, sensors, sea and air-based mission and combat systems, training systems, cyber solutions, command, control and communication systems, surveillance and reconnaissance systems, simulation and training systems, etc.;
- sales of aerospace systems (18.7%): satellite systems, missile systems and space transport systems;
- sale of air defense and fire control systems (16.6%): air and missile defense systems, tactical missiles, precision strike weapons systems, fire control systems, etc. The group also offers support services for mission operations, preparation, technical support, integration services, etc.
Net sales break down by source of income into sales of products (83.3%) and services (16.7%).
Net sales are distributed geographically as follows: the United States (74.3%), Europe (9.5%), Asia/Pacific (8.3%), Middle East (5.8%) and other (2.1%).
LOCKHEED MARTIN CORPORATION 
By 
