RIYADH: Saudi Arabia has agreed to buy about $7 billion worth of precision guided munitions from US defense contractors, sources familiar with the matter said.Raytheon Co and Boeing Co are the companies selected, the sources said, in a deal that was part of a $110 billion weapons agreement that coincided with President Donald Trump?s visit to Saudi Arabia in May. Both companies declined comment on the weapons sale. The US State Department has yet to formally notify Congress of the precision guided munitions deal. ?We do not comment to confirm or deny sales until they are formally notified to Congress,? a State Department official said.
11-24-2017, 03:37 PM
Riyadh to buy $7b in precision munitions from US firms
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