:

Saudi Arabia Requests $5.4 Billion For PAC-3 Misssiles

Wednesday, July 29th, 2015

SHARE:

Saudi Arabia Requests $5.4 Billion For PAC-3 Misssiles

Lockheed Martin's PAC-3 missile, part of the Patriot air defense capability. (Photo: Lockheed Martin)

The State Department approved a possible $5.4 billion Foreign Military Sale (FMS) request to Saudi Arabia for Patriot Advanced Capability-3 (PAC-3) missiles and associated equipment, parts and logistical support.The Defense Security Cooperation Agency (DSCA) notified Congress of the potential sale on July 28.The primary contractors would be Lockheed Martin [LMT] and Raytheon [RTN]. Offsets were requested but are currently unknown and will be determined during negotiations between Saudi Arabia and the contractors.The requested FMS would include 600 Patriot Advanced Capability-3…

Congress

Industry Groups ‘Urge’ Congress To Block Stock Buyback Restriction From Final FY ‘27 NDAA

More than three dozen industry associations on Monday called on congressional defense committee leaders to scrap a provision in the final version of the next National Defense Authorization Act that […]

Congress

Senior GOP HASC Members Wittman, Turner Ousted Amid Dems’ Blue Wave

Two senior Republicans on the House Armed Services Committee, including a potential frontrunner for the panel’s top GOP role, have officially lost their reelection bids. Reps. Rob Wittman (R-Va.) and […]

Congress

Dems’ Big Night Set To Reshape Top Defense Committee Spots, As Key GOP’ers Knocked Off

Democrats’ sweeping victories in Tuesday’s midterms, taking back control of the House and Senate, are set to reshape key spots atop defense committees, to include House Armed Services panels and […]

Congress

Key Defense Committee Members Face Tight Midterm Races, Including HASC GOP’ers In Virginia

As the mid-term elections near with polls showing an increasing likelihood of a switch in majority control in the House and potentially the Senate, three Virginia Republicans on the House […]