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.
TT

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.



Green Investments Surge in Saudi Arabia with Circular Economy, Clean Hydrogen Tech

N/A
N/A
TT

Green Investments Surge in Saudi Arabia with Circular Economy, Clean Hydrogen Tech

N/A
N/A

Saudi Arabia is pushing towards achieving carbon neutrality by 2060 and developing a green economy.
Skytower Investments, a renewable technology, green manufacturing, supply chain and green power production investment company, is actively seeking new partnerships to advance carbon and green hydrogen technologies.
Such initiatives will bring new economic opportunities to Saudi Arabia.
Skytower Investments predicted Saudi Arabia attracting more investments in upcoming projects, creating opportunities for global companies and boosting job growth. This supports Saudi Arabia’s role as a driver of sustainable growth in the region, with plans underway to foster green economy development.
The investment company has backed a recent agreement between Riyadh and Washington for a transcontinental green trade corridor, aiming to facilitate trade and climate adaptation strategies.
Saudi Arabia is promoting this initiative globally, benefiting neighboring and South Asian countries. It aims to expand green supply chains, green manufacturing, and digital transformation, contributing to a sustainable future.
Hydrogen production is seen as economically valuable for Saudi Arabia, leveraging its abundant natural resources and young, dynamic population.
The Kingdom’s green potential lies in its high-quality silica resources, used for green energy production and advanced manufacturing.
Chairman Neil Bush of Skytower Investments highlighted ongoing efforts to strengthen partnerships and support Saudi Arabia’s economic goals under Vision 2030. This includes promoting green energy, green hydrogen, and carbon economy technologies.
Skytower Investments CEO Eric Fang aligned current efforts with Saudi Arabia’s strategy to support local, regional, and global development, focusing on high-quality job creation in the green industry.
Saudi partner Abdullah bin Zaid Al Mulaifi mentioned rapid progress in introducing green energy and technologies, supporting Saudi Arabia’s goals for green and carbon-neutral energy by 2060.
Skytower Investments plans to invest further in specialized global technologies, collaborating with public and private sectors in the Kingdom.