BREAKING NEWS

Saudi Arabia inks deal for Lockheed's missile defense system

By REUTERS

NOVEMBER 29, 2018 01:24

WASHINGTON - Saudi Arabia will buy Lockheed Martin's $15 billion missile defense system, a U.S. Department of State spokesman said on Wednesday, after aggressive lobbying by the administration to close the deal that included a personal call between President Donald Trump and Saudi King Salman.

The State Department said the Saudis and U.S. officials signed the letters of offer and acceptance documents on Monday, formalizing terms for Saudi's purchase of 44 Terminal High Altitude Area Defense (THAAD) launchers, missiles and related equipment.

In recent weeks the Trump administration and the U.S. defense industry worked to save the few actual deals in the much-touted $110 billion arms package for Saudi Arabia amid rising concerns about the role of the kingdom's leadership in the death of journalist Jamal Khashoggi, a prominent Saudi critic.

The THAAD deal had been under discussion since December 2016 and is now completed, the spokesperson said.

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