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$1.75b US Arms Sale  to Saudi Arabia
International

$1.75b US Arms Sale to Saudi Arabia

The US State Department has approved a $1.75 billion sale to Saudi Arabia to upgrade its Patriot air defense system with PAC-3 missiles, a deal that would benefit Lockheed Martin Corp and Raytheon Co. , the Pentagon said.
The Defense Security Cooperation Agency, which implements foreign arms sales, notified Congress on Wednesday about the potential arms sale, which must still be finalized. Lawmakers have 30 days to block the deal, although such action is rare.
DSCA said the deal would help Saudi Arabia replenish its current Patriot missiles, which are becoming obsolete and difficult to sustain due to age and lack of spare parts.
Lockheed, maker of the PAC-3 missiles, welcomed the congressional notification and said it was working with both governments as they discussed the potential sale.
If the deal is finalized, Saudi Arabia would become the eighth country to order PAC-3 missiles, joining the United States, the Netherlands, Germany, Japan, the United Arab Emirates, Taiwan and Kuwait.
In Addition, the US is also planning to sell long-range artillery to the United Arab Emirates valued at about $900 million.

 

Short URL : http://goo.gl/kjozUs

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