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US signs record $142 billion arms deal with Saudi Arabia for defence

Business Standard LogoBusiness Standard7h ago

US signs record $142 billion arms deal with Saudi Arabia for defence - Business Standard

Quick Summary:

In 2017, Trump proposed approximately $110 billion of sales to the kingdom.As of 2018, only $14.5 billion of sales had been initiated and Congress began to question the deals in light of the murder of Saudi journalist Jamal Khashoggi.

CEOs from RTX Corp Boeing Co, Northrop Grumman Corp were expected to be in the kingdom, but the White House did not verify any specific equipment or makers as a part of the potential sale to Saudi.US approves $3.

However, it was not clear if Washington would permit the kingdom to move forward with a purchase that would give Saudi Arabia an advanced weapon used by close U.S.ally Israel, one of the sources said.


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Article Details

Category: BusinessFinance

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-14 @ 00:04:30 (7 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 576 words

Reading Time: 4 minutes read

Sentences: 22 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 28685476

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About Business Standard

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Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 317 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 7 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #49

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