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Ten-Year, $460 Billion Saudi Arms Deal Spells Windfall For U.S. Defense Primes

Dan Parsons By
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Ten-Year, $460 Billion Saudi Arms Deal Spells Windfall For U.S. Defense Primes
CH-47F. Photo: Government of Canada.

The historic sale of arms to Saudi Arabia announced on President Donald Trump’s first overseas trip is expected to bestow hundreds of billions of dollars on the U.S. defense industry, which will create thousands of jobs to fill the demand for tanks, helicopters, missiles and other weapons.Most of the windfall is destined for prime contractors Lockheed Martin [LMT], Boeing [BA] and Raytheon [RTN], according to accounts of the deal worth a total of $460 billion over the next decade. Just…

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