Boeing, Lockheed Martin expect to get $78bn from Saudi deal

Rasa - American weapons manufacturers are to receive the lion’s share of the money from US President Donald Trump’s recent Saudi arms sales.

News ID: 430092

Date: 03 June 2017 - 23:47

RNA - Lockheed sees $28 billion from the Saudi arms sales and Boeing expects $50 billion, according to antiwar.com website, published on Friday.

Last month, US President Donald Trump signed a $110 billion deal and other agreements amounting to $250 billion with Saudi Arabia’s rulers.

US media reported that at a conference in New York on Wednesday, Lockheed Martin’s CEO Marillyn Hewson said she could see up to $28 billion in new business for Lockheed alone as a result of President Trump’s initial weapons sales to Saudis.

Hewson told Aerospace Daily that the Saudis want to procure four multimission warships and the company is instead offering them a variant of its Littoral Combat Ship, which has been reportedly faulty. Lockheed and a Saudi state company also agreed to form a joint venture to support final assembly and completion of about 150 S-70 Black Hawk utility helicopters. She also said that the Saudi may be interested in Lockheed’s THAAD and PAC-3 missile systems.

Boeing’s CEO Dennis Muilenburg, for his part, said his company’s share of the Saudi deal could be worth more than $50 billion.

He said the deal included both military and commercial sales to Saudis.

So far, there has been no report of what Boeing plans to offer to Saudi Arabia in exchange for the money it receives from the Saudi rulers.

The Saudi regime is US weapons makers'  number one international customer.

847/940