Arabsat and King Abdulaziz City for Science and Technology (KACST) signed contracts for the manufactureing and launching of two new Satellites with Lockheed Martin and Arianespace, with a value of $650 million.
The first Satellite is shared between Hillasat, which is totally owned by Arabsat, and KACST on the orbital position 39° East . It will be manufactured by Lockheed Martin. The SGS1 satellite aims to meet the needs of KACST to serve the telecommunications and broadband sector. Arabsat signed the launching contract with Arianespace.
The second Satellite, Arabsat 6-A, will be on Arabsat orbital position 30.5° East.
His Highness Bin Saud Bin Mohammed, president of KACST, said: “The City has worked hard to get the best and the latest technology in the field of satellites and to take advantage of all the capabilities in KSA that were provided by the custodian of the two holy mosques government for possessing highly developed and secured telecommunications satellites systems to serve the governmental and the commercial sectors. This comes as a continuation of the city aim to localize the satellite technology and its applications in the Kingdom , that why we have a Strategic partnership with Arabsat to enhance this integral concept with the leading satellite telecommunication operator in the Kingdom and in the region , as well as our partnership with Lockheed Martin , one of the pioneer leading companies in the field of satellite manufacture, and the Saudi company for Developing and Technical Investment ‘Taqnia’ owned by the Public Investment Fund for the purpose of increasing the share of the local manufacture of satellites in the Kingdom.”
Eng. Abdullah Bin Mohammed Al-Osaimi, CEO of Taqnia, said: “The company will become a leading one in the field of satellites services and applications and will provide satellite telecommunications services to a wide range of remote areas and for the marine and air use for both the governmental and the private sectors, the partnership with Lockheed Martin for the satellite manufacture will provide the Middle East markets with the required satellites in different Orbits in addition to the ground satellites stations.”
Eng. Khalid Balkhyour, president and CEO of Arabsat, said: "The signing of the new satellites contracts is significantly important to Arabsat , as it presents a successful development in our partnership with King Abdul Aziz City for Science and Technology Which started by the launching of satellite 5-C in 2011 and paid off today by manufacturing joint commercial integrated satellite with KACST, the "Saudi GeoSat-1", in our orbital position 39° E , that will meet the needs of KACST to Serve the Kingdom of Saudi Arabia . The fruit of this partnership will be an agreement with the Saudi company for Developing and Technical Investment to cooperate in the Field of satellite telecommunications."