Monday, September 13, 2010

The War Business Booms

[File photo shows F-15 warplanes flying over the Saudi capital Riyadh. In the largest US arms deal ever, the administration of US President Barack Obama is ready to notify Congress of plans to offer advanced aircraft to Saudi Arabia worth up to 60 billion dollars, The Wall Street Journal reported Monday. (AFP/File/Hassan Ammar) ]

Congress to Be Told of 60-Billion US-Saudi Arms Deal

WASHINGTON - In the largest US arms deal ever, the administration of US President Barack Obama is ready to notify Congress of plans to offer advanced aircraft to Saudi Arabia worth up to 60 billion dollars, The Wall Street Journal reported Monday.

The newspaper said the administration was also in talks with the kingdom about potential naval and missile-defense upgrades that could be worth tens of billions of dollars more.

The administration sees the sale as part of a broader policy aimed at shoring up Arab allies against Iran, the report said. ...

Earlier media reports said that to assuage Israel's concerns, the Obama administration has decided not to offer Saudi Arabia so-called standoff systems, which are advanced long-range weapons that can be attached to F-15s for use in offensive operations against land- and sea-based targets.


No comments: