INSEAD Day 4 - 728x90

Mashreq Q1 profit rises

Total revenue increased 10% year-on-year.

TECOM profit climbs

High occupancy across assets boosts earnings.

Emirates Stallions Q1 revenue up 11%

The rise helped by strong demand in real estate

ADNOC Distribution 2025 dividend $700m

The company had reported EBITDA of $1.17 bn in 2025.

Empower okays $119.1m H2 2025 dividend

The dividend is equivalent to 43.75% of paid-up capital.

Lockheed Martin, 4 GCC firms partner for sustainment support

Lockheed Martin will partner with four GCC companies.
  • The four companies are AL TAIF (part of EDGE Group), Mohamed Abdulrahman Al Bahar (Al Bahar), ArabCal, and TLD MEAI (part of Alvest Group), WAM reported.
  • These partnerships aim to improve sustainment operations in the region by reducing turnaround times and costs for the US military and its allies operating in the Gulf.

Abu Dhabi, UAE – Lockheed Martin has partnered with four companies operating in Gulf Cooperation Council (GCC) countries to provide instrumentation, calibration, and repair services for its aircraft ground support equipment, as part of its Product Support Provider Network (PSPn).

The four companies are AL TAIF (part of EDGE Group), Mohamed Abdulrahman Al Bahar (Al Bahar), ArabCal, and TLD MEAI (part of Alvest Group), WAM reported.

These partnerships aim to improve sustainment operations in the region by reducing turnaround times and costs for the US military and its allies operating in the Gulf.

The PSPn is a network of service providers selected to support specific repair areas and competencies. Together, they form a global network to improve sustainment efforts and mission readiness.

By working with local in-country suppliers, there is no need to ship parts and equipment to the United States, resulting in time and cost savings for the customer. Moreover, these agreements help to drive sustainment funds into regional economies and contribute to diversifying local industrial defense capabilities, the report said.

General John Nicholson, Chief executive for Lockheed Martin Middle East, emphasized that speedy repair turnaround times are critical in accelerating mission readiness and saving lives. By delivering sustainment services quickly and affordably, the partnerships ensure that airmen and airwomen can perform their duty while responding to evolving 21st-century threats at a moment’s notice. Pricing agreements for the PSPn are for five-year performance periods.