Saudi Arabia paid for Missile System, Lockheed Martin
Us Dartment of Defense announced on Monday (4th) that the Pentagon represents the Kingdom of Saudi Arabia to Lockheed. Martin (LMT-US) paid a $9.46 million deposit for the THAAD missile defense system.
This huge amount is the first amount of the estimated $15 billion transaction.
It is understood that Saudi Arabia signed a quotation and offer notice for Lockheed Martin‘s THAAD missile system in November last year as an important step in the move to $15 billion.
Saudi officials and US counterparts signed an important intergovernmental agreement on November 26 to pave the way for the sale of 44 THAAD launchers, missiles and related equipment.
Lockheed. Martin is the top supplier of the Pentagon, THAAD, or terminal high-altitude defense system, is regarded as the most advanced product of the US missile defense system.
US President Trump repeatedly emphasized the importance of the defense agreement to defend his decision to support the Shah’s room after the reporter Jamal Khashoggi was killed.
Saudi Arabia is one of the most important strategic partners of the United States and an important customer of the US defense company. Saudi Arabia is the largest buyer of US weapons.
Saudi Arabia and the United States entered formal discussions on THAAD in December 2016.