US Approves $1.96 Billion Precision Strike Weapons Sale to Saudi Arabia
BAE Systems named as principal contractor in major defense deal
The US State Department announced on Wednesday its approval of a potential sale of advanced precision strike weapon systems and related equipment to Saudi Arabia, with an estimated value of $1.96 billion.
According to the department, BAE Systems has been designated as the principal contractor for this significant deal.
The United States remains the world’s top arms exporter, responsible for approximately 42% of global arms exports.
Recent data from the State Department and the Stockholm International Peace Research Institute show that US military equipment sales to foreign governments reached a record $318.7 billion.