Lockheed Martin Appoints New Chief Executive of Saudi Operations

Joseph Rank, Chief Executive for Lockheed Martin Saudi Arabia.
Joseph Rank, Chief Executive for Lockheed Martin Saudi Arabia.
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Lockheed Martin Appoints New Chief Executive of Saudi Operations

Joseph Rank, Chief Executive for Lockheed Martin Saudi Arabia.
Joseph Rank, Chief Executive for Lockheed Martin Saudi Arabia.

Lockheed Martin announced Joseph Rank as the Chief Executive for Lockheed Martin Saudi Arabia.

Rank takes over the position from Alan Chinoda who will be returning to Lockheed Martin based in the United States.

“I am confident that under Joseph’s leadership we will drive this strategic relationship to greater heights in the Kingdom, supporting Vision 2030, while strengthening regional and global security,” said Richard H. (Rick) Edwards, executive vice president of Lockheed Martin International.

“I would also like to thank Alan Chinoda for his outstanding contributions and leadership during his seven years in Saudi Arabia. During Alan’s tenure, we have strengthened the Lockheed Martin brand as a trusted defense and security partner to the Kingdom,” he added.

Rank told Asharq Al-Awsat that he is looking forward to continuing Lockheed Martin Saudi Arabia’s commitment to providing the most innovative security and defense solutions.

Rank recently concluded more than 30 years of service in the US Army, most recently in the Office of the Secretary of Defense where he served as the acting deputy assistant secretary of defense for Middle East Policy.

Headquartered in Bethesda, Maryland, Lockheed Martin is a global security and aerospace company that employs approximately 100,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products, and services. This year the company received three Edison Awards for ground-breaking innovations in autonomy, satellite technology, and directed energy.

Lockheed Martin entered Saudi Arabia with the delivery of the first C-130 Hercules in 1965. Since then, the company has expanded its security portfolio in the Kingdom to include integrated air and missile defense systems, maritime and civilian applications, in addition to providing critical technical support and educational expertise to local industry partners.



European Companies Signing More than $42 Bln Worth of Deals in Egypt

European Commission President Ursula von der Leyen pauses before speaking during a media conference at EU headquarters in Brussels, on June 20, 2023. (AP)
European Commission President Ursula von der Leyen pauses before speaking during a media conference at EU headquarters in Brussels, on June 20, 2023. (AP)
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European Companies Signing More than $42 Bln Worth of Deals in Egypt

European Commission President Ursula von der Leyen pauses before speaking during a media conference at EU headquarters in Brussels, on June 20, 2023. (AP)
European Commission President Ursula von der Leyen pauses before speaking during a media conference at EU headquarters in Brussels, on June 20, 2023. (AP)

European Commission chief Ursula von der Leyen said on Saturday European companies were signing more than 20 new deals or MOUs worth a total of more than 40 billion euros ($42.85 billion) at the Egypt-EU Investment Conference, Reuters reported.
The joint Investment Forum, which takes place in Cairo on 29th and 30th of June, is a first key deliverable of the Egypt-EU Strategic and Comprehensive Partnership agreed by the presidents of the EU and Egypt, Abdel Fattah al-Sisi, in March 2024.
The Partnership covers political relations, economic stability, investments and trade, migration and mobility, security and demography, and human capital.

The Conference will bring together some 1,000 participants, including Egyptian and EU Ministers, senior officials, European financial institutions and CEOs from a wide range of sectors from both the EU and Egypt.