Lockheed Martin gets new space business development director for Saudi Arabia

Prior to joining Lockheed Martin, Abdullah Al-Ajmi served in the Royal Saudi Air Force for remote sensing and intelligence, surveillance, and reconnaissance and space domains (Supplied)
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Updated 14 June 2023
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Lockheed Martin gets new space business development director for Saudi Arabia

RIYADH: Saudi Arabia’s space efforts are expected to get a boost as US aerospace and defense firm Lockheed Martin has appointed retired Brig. Gen. Abdullah Al-Ajmi as its new space business development director for the Kingdom.  

According to a press statement, Al-Ajmi will coordinate and support Saudi Arabia’s efforts to enhance the space industry, in line with the Kingdom’s Vision 2030 goals.  

Al-Ajmi will also work on strengthening partnerships with government and commercial entities to foster the development of technologies in the space sector.  

He will also help oversee the facilitation of scientific experiments and international research collaborations, as well as the administration of future space-related missions, the press statement added.  

“I am honored to join Lockheed Martin as its space business development director for Saudi Arabia. Together, we will work toward positioning the Kingdom as a key leader in space exploration and innovation,” said Al-Ajmi.  

Prior to joining Lockheed Martin, Al-Ajmi served in the Royal Saudi Air Force for remote sensing and intelligence, surveillance, and reconnaissance and space domains. He has also served as the satellite directorate director for the Saudi Ministry of Defense.  

“With his vast armed forces and aerospace experience, Abdullah will certainly augment the Kingdom’s strategic initiatives in this exciting and emerging field,” said Joseph Rank, CEO of Lockheed Martin for Saudi Arabia and Africa.  

He added: “We are incredibly fortunate to have him on board and look forward to seeing him soar as a valued leader within Lockheed Martin’s space division.”  

Last year, during an interview with Arab News, Rank said that the company is looking forward to deepening space ties with Saudi Arabia.  

Rank added that Lockheed Martin, which has a separate division for space besides aerospace, arms and information security, is the only US firm to have sold Saudi Arabia a military satellite to provide secure communications.  

“The space offerings that Lockheed has will meet the needs of the Kingdom and also the other partners in the region,” said Rank. 


Lloyd’s market engaging with US government over Gulf maritime plan, officials say

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Lloyd’s market engaging with US government over Gulf maritime plan, officials say

LONDON: The Lloyd’s of London market is engaging with the US government’s International Development Finance Corporation ​over a plan to provide political risk insurance and guarantees for maritime trade in the Gulf, Lloyd’s market officials said on Thursday.

“Lloyd’s is engaging constructively with the US Development Finance Corporation and relevant stakeholders, with a clear focus on ensuring that the Lloyd’s market continues to lead ‌as the global ‌center of excellence for ​war ‌risk ⁠insurance,” a ​Lloyd’s spokesperson ⁠said.

The Lloyd’s Market Association, which represents the interests of all underwriting businesses in the Lloyd’s market, welcomed the engagement of US President Donald Trump, its CEO Sheila Cameron said separately in a statement on Thursday.

“Since Sunday 1 March, there ⁠have been at least 40 transits of ‌vessels through the ‌Strait of Hormuz. There remain approximately ​1,000 vessels, approximately half of ‌which are oil and gas tankers, with ‌an aggregate hull value exceeding $25 billion in the Persian/Arabian Gulf and surrounding waters,” Cameron said, citing data.

Cameron added that the vast majority of these vessels were insured ‌in the London market and insurance “currently remains in place.”

Insurance broker Marsh said on ⁠Wednesday ⁠it had met with US officials to explore solutions for restoring maritime trade.

The US Navy could begin escorting oil tankers through the Strait of Hormuz if necessary, Trump said on Tuesday, adding he had ordered the International Development Finance Corporation to provide political risk insurance guarantees for maritime trade in the Gulf.

Earlier this week, London’s marine insurance market widened the area in the Gulf ​it deems as ​high risk as the conflict in the Middle East escalates.