
President Trump appears to remain steadfast in his support for Saudi Arabia and committed to pursuing foreign military sales to Riyadh for fear of competition from peer adversaries in a new statement issued Tuesday.In a written statement, the Trump administration lauded the U.S.-Saudi relationship and emphasized the $110 billion in military equipment from companies including Boeing [BA], Lockheed Martin [LMT] and Raytheon [RTN] that has already been approved for sale to the Gulf nation.“If we foolishly cancel these contracts, Russia…