State Dept Clears $15B Sale of THAAD Missile Defense Systems, Equipment to Saudi Arabia

The State Department has approved a potential $15 billion foreign military sale of anti-ballistic missile defense systems, related equipment and support services to Saudi Arabia.

Lockheed Martin (NYSE: LMT) and Raytheon (NYSE: RTN) will serve as principal contractors on the sale, the Defense Security Cooperation Agency said Friday.

The transaction covers the delivery of 44 Terminal High Altitude Area Defense launchers, 360 interceptor missiles, 16 fire control and communications mobile tactical station groups and seven AN/TPY-2 radars.

Saudi Arabia also ordered THAAD battery maintenance equipment, 43 prime mover trucks, electrical power units, communications equipment, generators, test and maintenance supplies, spares and repair parts.

DSCA noted that adopting THAAD weapons will help increase Saudi Arabia’s capacity to defend against potential ballistic missiles and other regional threats.

The deal will also require the deployment of 129 government and contractor personnel to provide logistics technical and program support services in the country.

Check Also

fuel supply

DLA Selects 10 Awardees for Fuel Supply IDIQs 

Ten companies have each received indefinite-delivery/indefinite-quantity contracts to provide various fuel types to support designated Defense Logistics Agency missions.

BAE Systems

BAE Closes Purchase of Collins Aerospace’s Military GPS Business

BAE Systems has finalized its acquisition of the military GPS business of Raytheon Technologies’ (NYSE: RTX) Collins Aerospace subsidiary. BAE agreed to buy the military GPS business for $1.925B in cash in January and expects the transaction to expand its existing portfolio of electronics systems, the company said Friday.