According to a Press Release, Lockheed Martin, the Bethesda, Maryland-based aerospace company, has received a contract valued at $253 million to provide virtual training technologies in support of Saudi Arabia’s F-15SA modernization program.
After several years of sagging performance, Saudi Arabia’s aviation market reported its strongest growth in passenger traffic in more than a decade in 2011, even against the background of the Middle East’s regional social unrest.
Saudi Arabian Airlines has today been formally renamed Saudia and has become a full member of the SkyTeam alliance while at the same time confirming the first stage of the long-awaited privatisation will go ahead in the next month.
