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  • Thursday, December 26, 2024

State Dept OKs Potential $10B Sale of Lockheed-Made F-35s to UAE

The State Department informed Congress it approved the United Arab Emirates’ request to buy 50 Lockheed Martin-built (NYSE: LMT) F-35 fighter jets under a potential $10B deal, Reuters reported Friday.

The potential foreign military sales deal will move to an informal review by the House Foreign Affairs and Senate Foreign Relations committees.

“As Congress reviews this sale, it must be clear that changes to the status quo will not put Israel’s military advantage at risk,” said Rep. Eliot Engel, D-N.Y., chairman of the House Foreign Affairs Committee.

The report said any U.S. weapons systems sold in the Middle East must not undermine the “qualitative military edge” of Israel, which has approximately 24 F-35s and is slated to procure 50 more units of the fighter aircraft.

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