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U.S. Approves $15 Billion Thaad Missile Package for Saudi Arabia

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  • U.S. Approves $15 Billion Thaad Missile Package for Saudi Arabia

The U.S. State Department has approved a potential $15 billion sale of Lockheed Martin Corp.’s Thaad anti-missile interceptors, launchers and radar, part of the package of weaponry that President Donald Trump promised for the kingdom during a visit in May.

Negotiations on contracts can move ahead unless the U.S. Congress acts to block the deal within 30 days. The Saudis would be the second international buyer of Thaad after the United Arab Emirates. Thaad, which uses a hit-to-kill warhead to destroy short and medium-range missiles, gained international attention this year after the U.S. placed a Thaad battery in South Korea over China’s objections.

The proposed Saudi sale underscored enduring U.S.-Saudi defense cooperation on a day when Saudi King Salman bin Abdulaziz visited Russian President Vladimir Putin in Moscow, with deals announced on arms sales as well as energy.

Saudi Arabia has requested a potential sale of 44 launchers, 360 missiles, 16 Fire Control and Communications Mobile Tactical Stations, and seven AN/TPY-2 radars made by Raytheon Co. The package also includes maintenance equipment, 43 trucks, generators, electrical power units, trailers, communications equipment, tools, test and maintenance equipment and spares.

Is the CEO and Founder of Investors King Limited. He is a seasoned foreign exchange research analyst and a published author on Yahoo Finance, Business Insider, Nasdaq, Entrepreneur.com, Investorplace, and other prominent platforms. With over two decades of experience in global financial markets, Olukoya is well-recognized in the industry.

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