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FinancialNews


  • 23-11-17

    Saudi Arabia to buy USD7b in precision munitions of US companies

    (MENAFN) Saudi Arabia has agreed to buy about USD7 billion worth of precision guided munitions from U.S. defense contractors, according to sources familiar with the matter.

    Some lawmakers may object the deal over American weapons having contributed to civilian deaths in the Saudi campaign in Yemen.

    Raytheon Co (RTN.N) and Boeing Co (BA.N) are the companies selected in a deal that was part of a USD110 billion weapons agreement that coincided with President Donald Trump's visit to Saudi Arabia in May, the sources said.

    Both companies refused to comment on the weapons sale.

    MENAFN2311201700450000ID1096132431

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