Lockheed Martin To Partner With King Abdullah University Of Science And Technology

RIYADH, Saudi Arabia, October 15, 2012 – As part of a continuing partnership with the Kingdom of Saudi Arabia, Lockheed Martin [NYSE: LMT] recently joined the King Abdullah University of Science and Technology (KAUST) Industry Collaboration Program (KICP), paving the way for future research and collaboration in the Kingdom.

Through this Membership Agreement, Lockheed Martin and KAUST will together investigate potential research and development projects in diverse and emerging technology areas such as nano-infused polymers, aquaculture and autonomous underwater vehicles.

“Lockheed Martin is honored to partner with such a prestigious university to develop innovative technologies in Saudi Arabia,” said Dr. John D. Evans, Lockheed Martin Vice President, Technology. “We have a proud history in the Kingdom that dates back to the delivery of the first C-130s in the 1960s, and we look forward to continuing to grow our industry and community involvement in the coming years.”

Earlier this year, Lockheed Martin signed a Memorandum of Understanding (MOU) with the King Abdulaziz City for Science and Technology (KACST) in Riyadh, Saudi Arabia to research and promote science, technology and innovation in the Kingdom. In the spirit of this partnership, Lockheed Martin is coordinating with government agencies, academic institutions and other organizations to enhance collaborative research, increase knowledge sharing and support the development of national policy regarding science and technology in the Kingdom.

“We are humbled to work with both KACST and KAUST on research and development projects in the Kingdom,” Evans said.  “There’s so much we can learn from each other, and these partnerships are just a small part of Lockheed Martin’s continued commitment to Saudi Arabia and its people.”

Headquartered in Bethesda, Md., Lockheed Martin is a global security and aerospace company that employs about 120,000 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.

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From left to right: Alan Chinoda, Lockheed Martin Saudi Arabia Chief Executive; Dr. Imad Abukhalaf, Manager Industry Collaboration Program; Amin M. Al-Shibani, Vice President Economic Development; Dr. John D. Evans, Lockheed Martin Vice President, Technology and Innovation; Loay Alfi, Head of Business Development; Karl Sanchack, Lockheed Martin Acting Director of Innovation – Corporate Engineering and Technology.


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