State Dept OKs $662M Sale of Lockheed-Built AN/TPQ-53(V) Radars to Saudi Arabia

The State Department has approved a potential $662 million foreign military sale of Lockheed Martin-built (NYSE: LMT) AN/TPQ-53(V) radar platforms and related services to Saudi Arabia.

Saudi Arabia requested 26 AN/TPQ-53(V) radars, M931 and M107 projectiles, GPS receiver tools, single channel ground and airborne radio systems, FMTV M1092 medium tactical vehicles and related accessories, the Defense Security Cooperation Agency said Monday.

The transaction also includes software support, live-fire exercises, repair parts and spares, classroom simulators, technical manuals, test equipment, logistics, field service representatives, transportation and other technical support services.

The proposed sale seeks to help the Middle Eastern country upgrade its military capability to counter rockets, mortars and ballistic threats as well as meet its border security requirements.

The deal will also require the deployment of contractor and government representatives to Saudi Arabia.

You may also be interested in...

ArchIntel

ArchIntel Offering Competitive Intelligence Roundtable Membership to Enhance CI Collaboration

ArchIntel, the market leading provider of open source daily intelligence, competitive intelligence reports and competitive intelligence events, is now offering a Competitive Intelligence Roundtable Membership for CI professionals at the executive level to privately discuss the challenges and best practices for the competitive and market intelligence sectors. 

SOSi CEO Julian Setian Receives Wash100 Award

SOSi CEO Julian Setian Receives Second Consecutive Wash100 Award for Driving Growth, Emerging Tech Capabilities

For the second consecutive year, SOS International CEO Julian Setian has received a Wash100 Award for his leadership and vision to drive company growth and innovation for its technical capabilities in cloud, cybersecurity, data analytics and software development. Under his leadership, Setian has continued to drive company growth and expansion of its vital capabilities.