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.

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