Saudi Arabia is poised to become first foreign buyer of Lockheed Martin’s [LMT] Freedom-class Littoral Combat Ship after receiving State Department approval for a four-ship order.The Defense Security Cooperation Agency announced today that Congress had been notified of an estimated $11.25 billion sale that includes four Multi-Mission Surface Combatant (MMSC) ships— the name given to the Saudi LCS variant—and associated equipment, parts and logistical support. Congress has 30 days to block the potential sale.The MMSC, like its U.S. brethren, will…
