Lockheed

Saudi Arabia signs joint deal with Lockheed Martin after Biden froze arms sales to Middle East

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Saudi Arabian Military Industries (SAMI) has signed an agreement to set up a joint venture with US firm Lockheed Martin to enhance the kingdom’s defense and manufacturing capabilities, the state-owned Saudi company said on Sunday. SAMI, which is owned by the Saudi state’s Public Investment Fund (PIF), will own 51 percent of the venture. ‘The … Read more

New class of ‘extra-large’ Manta Ray underwater drones will be built by Lockheed Martin

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New class of ‘extra-large’ Manta Ray underwater drones will be built by Lockheed Martin after Pentagon awards the firm $12.3 million Lockheed Martin has been chosen by DARPA to start its Manta Ray program The firm received a $12.3 million contract to start the first phase of the program It will have long distance and range … Read more