Several defense and commercial agreements announced in Saudi Arabia on 20 May 2017 will further strengthen Boeing’s partnership with the Kingdom, create or sustain thousands of jobs in both the United States and Saudi Arabia, and enhance national security in the region.
US President Donald Trump signed a multi-billion-dollar arms and economic deal with Saudi Arabia Saturday in a move intended to strengthen the U.S.-Saudi Arabian alliance against ISIS on the President’s first foreign trip.
The United States and the Kingdom of Saudi Arabia (KSA) took major steps to enhance global security and stimulate economic progress in the United States and the Middle East.
The Saudi Arabian Public Investment Fund (PIF) has announced the creation of a new national military industries company.
The US State Department has made a determination approving a possible Foreign Military Sale to the Government of the United Arab Emirates (UAE) for Patriot PAC-3 and GEM-T missiles. The estimated cost is $2 billion.
According to SIPRI, world military expenditure is estimated to have been $1686 billion in 2016, equivalent to 2.2% of the global gross domestic product (GDP) or $227 per person. The 2016 estimate is a marginal increase of about 0.4% in real terms on 2015.
The State Department has made a determination approving a possible Foreign Military Sale to the Republic of Iraq for equipment for two Peshmerga infantry brigades and two support artillery battalions. The estimated cost is $295.6 million.
The U.S. State Department has made a determination approving a possible Foreign Military Sale to the Republic of Iraq for pilot and maintenance training, contractor logistical support (CLS) for trainer aircraft, and base support. The estimated cost is $1.06 billion.