Concerns Over Yemen as Saudi Arabia Agrees to Buy $7 Billion in Weapons From U.S. Firms
Raytheon (RTN, -0.57%) and Boeing (BA, -0.72%) are the companies selected, the sources said, in a deal that was part of a $110 billion weapons agreement that coincided with President Donald Trump’s visit to Saudi Arabia in May.
Both companies declined comment on the weapons sale.
Arms sales to the kingdom and other Gulf Cooperation Council member states have become increasingly contentious in the U.S. Congress, which must approve such sales.
The U.S. State Department has yet to formally notify Congress of the precision guided munitions deal.
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