Home / Contract Awards / State Dept Approves $2B Sale of Lockheed, Raytheon Missiles to UAE

State Dept Approves $2B Sale of Lockheed, Raytheon Missiles to UAE

The State Department has approved a potential sale to the United Arab Emirates of $2 billion in Patriot missile systems from Lockheed Martin (NYSE: LMT) and Raytheon (NYSE: RTN).

UAE requested 60 Lockheed-built Patriot Advanced Capability 3 missiles and Raytheon-made 100 Patriot Guidance Enhanced Missile-Tactical missiles through a foreign military sales agreement with the U.S. government, the Defense Security Cooperation Agency said Thursday.

The proposed sale also covers missile canisters, tools, test equipment, support equipment, publications, technical documentation and spare and repair parts and program support services.

DSCA notified Congress of the transaction on Wednesday and the agency noted that UAE would acquire the systems to deter aircraft and missile threats.

The deal will require the deployment of additional contractor representatives to UAE.

Check Also

SOSSEC Gets $355M Ceiling Increase to Air Force Propulsion System R&D OTA

The U.S. Air Force has awarded the System of Systems Consortium a $355M contract modification to support research, development, test and evaluation work on propulsion technologies.

President Trump Visits Milwaukee Facility of Lockheed’s Derco Subsidiary

President Donald Trump highlighted F-35 support activities during his recent visit to a facility operated by Lockheed Martin's (NYSE: LMT) Derco Aerospace subsidiary in Milwaukee.