Vice President of Lockheed Martin: Saudi Arabia provides ideal opportunities


Ray Beasley, Vice President of International Business at Lockheed Martin, the global defense company, confirmed that Saudi Arabia provides ideal opportunities to manufacture parts of the company’s products in it.

In an interview with Asharq Al-Awsat prior to the start of the Dubai Air Show, Beasley said that Lockheed Martin is working with Saudi Arabia to become a world-class producer of military equipment. He added, “We develop and implement training initiatives for the next generation of Saudi talent, with the aim of ensuring the sustainability of the local aviation and defense sector, in line with the Kingdom’s Vision 2030.”

When asked if the company plans to manufacture some parts of its products in the region, Beasley replied: “Yes, and Saudi Arabia provides ideal opportunities to achieve this goal.” He continued, “We commend the vision of Prince Mohammed bin Salman bin Abdulaziz, Crown Prince, Deputy Prime Minister and Minister of Defense, for his continuous efforts to localize 50 percent of military spending by 2030.”
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