Lockheed Martin, a leading aerospace and security firm, won on April 9 a contract worth SAR 2.4 billion from Saudi Arabia's Arabsat and King Abdulaziz City for Science and Technology (KACST) to make two A2100 communication satellites.
 
The satellites, which will be completed and launched in 2018, will help Arabsat expand its telecommunications capabilities, including television, internet, telephone and secure communications to its clients in the Middle East, Africa and Europe. 
 
They will also increase the Arabsat fleet to 10 in-orbit operational satellites, according to a statement by Lockheed Martin. 
 
"We believe this partnership will serve as a platform for commercialization of innovations in future satellite systems in the Middle East and North Africa region," Abdullah Alosaimi, CEO of TAQNIA Space Company, was quoted as saying in a press statement.
 
As part of the contract, Lockheed Martin, KACST and TAQNIA Space Company, a subsidiary of the Saudi Technology Investment and Development Company (TAQNIA), will pursue the creation of a joint venture to train local Saudi talents and develop infrastructure to support the country's space research and capabilities. 

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