Author: Jane Edwards|| Date Published: November 27, 2017
Saudi Arabia will purchase precision-guided munitions from Boeing (NYSE: BA) and Raytheon (NYSE: RTN) under an agreement worth approximately $7 billion, Reuters reported Thursday.
Sources told Reuters the proposed deal was part of a potential $110 billion package of weapons sales agreements that President Donald Trump and Saudi King Salman bin Abd al-Aziz Al Saud signed in May.
œWe do not comment to confirm or deny sales until they are formally notified to Congress, an official with the State Department said.
A U.S. government official told Reuters the proposed agreement has a 10-year term and that actual transfers of precision-guided munitions to the Middle Eastern country could possibly take years.
The report noted that weapons sales to Saudi Arabia and other members of the Gulf Cooperation Council could face delay in Congress over civilian deaths in Yemen associated with the Saudi-led campaign.
Client Solution Architects has appointed Ellen Barletto as chief growth officer, expanding her leadership responsibilities after nearly two decades with…
Brian Meyer, federal field chief technology officer at Axonius Federal, said cybersecurity asset management could help government agencies make dozens…
“Technology transformation company Red River has acquired Invictus International Consulting to expand its cybersecurity and enterprise modernization capabilities to support…
Synergy ECP, a software engineering, cybersecurity and systems engineering services provider, has acquired NetServices, a company offering secure, mission-focused technology services. The…
Saudi Arabia will purchase precision-guided munitions from Boeing (NYSE: BA) and Raytheon (NYSE: RTN) under an agreement worth approximately $7 billion, Reuters reported Thursday.
