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U.S. Approves $11 Billion Saudi Buy of Lockheed Littoral Ships
Tony Capaccio and Madeline McMahon
Updated on
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Congress notified of planned sale of four of the new vessels
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Obama working to assure Gulf allies after Iran nuclear deal
The Pentagon has notified Congress of a planned sale to Saudi Arabia of as many as four Littoral Combat Ships made by Lockheed Martin Corp. for $11.25 billion, as the U.S. works to bolster defenses of its Gulf allies after the nuclear deal with Iran.
The State Department approved the sale under the Foreign Military Sales program, according to a statement Tuesday on the website of the Defense Security Cooperation Agency. The approval allows the Saudis to negotiate contracts for the ships unless Congress passes legislation to block the deal.
