U.S. approves possible sale of $5.4 billion in missiles to Saudi Arabia

The U.S. State Department has approved the possible sale to Saudi Arabia of $5.4 billion in additional PAC-3 missiles built by Lockheed Martin Corp , the Pentagon said on Wednesday.

The Defense Security Cooperation Agency said the sale would benefit a key U.S. partner in the Middle East. Notification to Congress was sent on Tuesday and follows a major nuclear deal with Iran. The missile sale approval could help reassure Saudi Arabia about the U.S. commitment to its security.

[tbpspa]

“Lockheed Martin is supporting the U.S. government and the kingdom of Saudi Arabia as they discuss the potential sale of additional PAC-3 Missiles as part of the upgrade of the Royal Saudi Air Defense Force,” Lockheed said in a statement.

The company said the PAC-3 missile defends against incoming aircraft and missiles, and it is currently used by the United States, the Netherlands, Germany, Japan, Taiwan and the United Arab Emirates.

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