Pentagon awards Lockheed Martin nearly $1 billion for Saudi missile system deal

Lockheed Martin has been given a billion dollar contract to provide THAAD missile systems for Saudi Arabia.

This decision to continue to give the Saudis arms comes at a time when Congress is mulling implementing their own sanctions against SA due to the Jamal Khashoggi killing and congressional dissatisfaction with the President’s reluctance to blame the killing on Crown Prince Mohammad Bin Salman

READ  SBA Launches $28.6 Billion Restaurant Revitalization Fund

 

WASHINGTON — The Pentagon awarded Lockheed Martin $946 million on behalf of the Kingdom of Saudi Arabia for the defense giants’ THAAD missile defense system, the Defense Department announced Monday.

The multi-million dollar award is the first installment of what is expected to be a $15 billion deal.

In November, CNBC learned that Saudi Arabia signed a letter of offer and acceptance with the United States for Lockheed Martin’s THAAD missile system, a significant step forward in the $15 billion deal.

Saudi officials, alongside their U.S. counterparts, signed the crucial government-to-government agreement on November 26, paving the way for the massive sale of 44 THAAD launchers, missiles and related equipment.

www.cnbc.com/2019/03/04/pentagon-awards-lockheed-martin-nearly-1-billion-for-saudi-missile-system-deal.html

READ  Nearly every war that has started in the past 50 years has been a result of media lies.” —Julian Assange

 

h/t Butina

859 views

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.