Home / Contract Awards / State Dept OKs Saudi Arabia’s Request for $500M in Missile System Support Services

State Dept OKs Saudi Arabia’s Request for $500M in Missile System Support Services

The State Department has given Saudi Arabia the green light to continue to purchase missile system services from the U.S. government under a potential $500 million foreign military sales agreement.

Lockheed Martin (NYSE: LMT) and Raytheon (NYSE: RTN) will serve as principal contractors for the proposed deal that seeks to provide technical support for the Patriot Engineering Services Program, Patriot Legacy Field Surveillance Program and Patriot Advanced Capability 3 FSP, the Defense Security Cooperation Agency said Wednesday.

The proposed transaction seeks to support the Middle Eastern country’s national security efforts and will also cover Hawk and Patriot missile system spare parts; return management support; component repairs; program support; and logistic services.

The proposed FMS deal will involve the temporary assignment of support teams composed of four to 10 personnel to Saudi Arabia.

DSCA said it notified Congress of the possible deal Wednesday.

Check Also

Vectrus Secures $108M Contract to Support Army Food Service Operations in Kuwait; Chuck Prow Comments

A subsidiary of Vectrus (NYSE: VEC) has won a potential five-year, $108 million contract to help …

Knight Point Systems Wins $902M DISA Recompete for Comm Infrastructure Services

Knight Point Systems will continue to provide communication infrastructure services to the Defense Information Systems Agency …

Subscribe to our Newsletter
I will subscribe later