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US Strikes $30B Boeing F-15 Deal with Saudi Arabia

The U.S. has struck a $29.4 billion deal to sell 84 Boeing F-15 fighter jets to Saudi Arabia and upgrade 70 more of that country’s existing F-15s, the company and White House have announced.

Last year,  Congress cleared the U.S. to sell $60 billion of military hardware to Saudi Arabia over the next 10 to 15 years. The hardware includes jets, helicopters and related equipment and services,  Reuters reports.

Boeing said the U.S. has also offered to sell Saudi Arabia 70 AH-64 Apache strike helicopters and 36 AH-6i helicopters.

The Wall Street Journal reports the U.S. is encouraging Saudi Arabia to buy Terminal High Altitude Defense systems for that country’s missile defense system.

Lockheed Martin (NYSE: LMT) builds THAAD and Raytheon (NYSE: RTN) supplies THAAD’s radar.

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