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Cybersecurity

Corporate CEOs Descend on Riyadh for Trump's Summit

  • Defense firms led by Lockheed in $110 billion arms package
  • A tightening of ties between Saudi Arabia and Washington

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Defense contractors were the big winners, but President Donald Trump’s first day in Saudi Arabia yielded a slew of high-profile investment deals that showcased the administration’s ability to draw support from major corporations.

Top executives who descended on Riyadh for a timed to coincide with Trump’s visit included JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon, Blackstone Group LP CEO Steve Schwarzman, and Marillyn Hewson, the CEO of Lockheed Martin Corp.