The Kingdom of Saudi Arabia has received clearance from the U.S. State Department to purchase missiles, ammunition and other weapon systems via three foreign military sale transactions worth potentially $1.05 billion.
The Defense Security Cooperation Agency said Friday KAS requested to buy 2,503 AGM-114R3 Hellfire II missiles and related equipment for $655 million approximately, with Lockheed Martin (NYSE: LMT) as the principal contractor.
The other requests are worth $251.8 million for AIM-9X Block II Sidewinder missiles and related elements of logistics and program support; and $139 million for ammunition for artillery systems, machine guns and tanks and related equipment.
RTX (NYSE: RTX) will serve as principal contractor on the Sidewinder deal.
The proposed sales are intended to boost Saudi Arabia’s capability to address current and future threats and support its self-defense and regional security missions in the Middle East region.
The DSCA has notified Congress of the FMS.
