Author: Scott Nicholas|| Date Published: October 9, 2017
The State Department has approved a potential $15 billion foreign military sale of anti-ballistic missile defense systems, related equipment and support services to Saudi Arabia.
Lockheed Martin (NYSE: LMT) and Raytheon (NYSE: RTN) will serve as principal contractors on the sale, the Defense Security Cooperation Agencysaid Friday.
The transaction covers the delivery of 44 Terminal High Altitude Area Defense launchers, 360 interceptor missiles, 16 fire control and communications mobile tactical station groups and seven AN/TPY-2 radars.
Saudi Arabia also ordered THAAD battery maintenance equipment, 43 prime mover trucks, electrical power units, communications equipment, generators, test and maintenance supplies, spares and repair parts.
DSCA noted that adopting THAAD weapons will help increase Saudi Arabia’s capacity to defend against potential ballistic missiles and other regional threats.
The deal will also require the deployment of 129 government and contractor personnel to provide logistics technical and program support services in the country.
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The State Department has approved a potential $15 billion foreign military sale of anti-ballistic missile defense systems, related equipment and support services to Saudi Arabia.
