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State Department OKs General Dynamics Sale Of $1.15 Billion In Tanks To Saudi Arabia

Friday, August 12th, 2016

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General Dynamics [GD] on Aug. 9 was given the green light to sell $1.15 billion worth of M1 Abrams tanks and other heavy combat vehicles to Saudi Arabia, according to the Defense Security Cooperation Agency.The State Department signed off on the foreign military sale of M1A2S Saudi Abrams main battle tanks and M88A1/A2 heavy equipment recovery combat utility lift evacuation system (HERCULES) armored recovery vehicles and associated spare parts, training and support.Incumbent U.S. tank manufacturer General Dynamics Land Systems was…

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