30 Dec 2011

US finalizes $30bn Saudi arms deal

The US has formally announced a 30-billion-dollar arms deal with Saudi Arabia which is set to create around 50,000 job opportunities for Americans grappling with an ailing economy.

The deal had been signed on Saturday in Saudi capital Riyadh but was announced by US officials in Hawaii on Thursday. According to the agreement, the US will provide the Saudi military with 84 new Boeing F-15SA fighter jets and modernize 70 existing warplanes. The deal also includes munitions, spare parts, training and maintenance contracts, US officials said.

saudi jet

The jets will be manufactured by the US aviation firm Boeing. The deal will create 50 thousand jobs and have a $3.5 billion annual economic impact in the US, the White House said. According to senior Pentagon official James Miller, "The F-15SA will have the latest generation of computing power, radar technology, infrared sensors and electronic warfare systems." The deal is part of a ten-year arms agreement between Washington and Riyadh unveiled in October 2010 and worth a whopping $60 billion.