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Middle East Fighter Sales A Boost For U.S. Contractors

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The recent sales of F-15 and F-16 fighter jets to Middle East nations are a boost for a U.S. defense industry facing significant decreases in Pentagon spending over the next decade. Boeing [BA] is looking like the biggest beneficiary after the Obama administration announced recently that it had finalized a $29.4-billion deal to provide Saudi Arabia with 84 advanced F-15s and upgrades to the kingdom's current fleet of 70 F-15s. Lockheed Martin [LMT] is also poised to gain after agreements…

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