Saudis to Make $6 Billion Deal for Lockheed's Littoral Ships
- Pentagon says $110 billion in arms purchases are in the works
- General Dynamics tanks also said to be part of arms package
Trump, Tillerson and Ross Weigh in on Saudi Deals
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The U.S. has reached a $6 billion deal for Saudi Arabia to buy four Littoral Combat Ships made by Lockheed Martin Corp. in a package of major arms purchases as President Donald Trump travels to the kingdom, people familiar with the transaction said.
The U.S. and the Saudi Ministry of Defense “designed and negotiated a package totaling approximate $110 billion,” Vice Admiral Joe Rixey, head of the Pentagon’s Defense Security Cooperation Agency, said Friday on a conference call with analysts, according to a White House transcript. “When completed, it will be the largest single arms deal in American history.”