Lockheed Martin partners with TAQNIA to build new satellite ground system for Saudi Arabia

Updated: Jun 5, 2021

Following the successful launch and operation of Saudi Arabia’s newest commercial communications satellite, SaudiGeoSat-1 (SGS-1), Lockheed Martin (NYSE: LMT) has been selected to develop a new ground system to control, manage and operate the satellite. The Saudi Technology Development and Investment Company (TAQNIA) and Lockheed Martin will develop and deploy the new ground segment for the secure and commercial operations of SGS-1.