The US State Department has approved potential defence deals worth a combined $1.5 billion with Saudi Arabia and Bahrain. The department cleared the potential training services and related equipment for military helicopters to Saudi Arabia for $1 billion, the Pentagon said in a statement. The US army will train the Royal Saudi Land Forces Aviation Corps on […]The US State Department has approved potential defence deals worth a combined $1.5 billion with Saudi Arabia and Bahrain. The department cleared the potential training services and related equipment for military helicopters to Saudi Arabia for $1 billion, the Pentagon said in a statement. The US army will train the Royal Saudi Land Forces Aviation Corps on […]
US clears $1.5bn Saudi and Bahrain defence deals
The US State Department has approved potential defence deals worth a combined $1.5 billion with Saudi Arabia and Bahrain.
The department cleared the potential training services and related equipment for military helicopters to Saudi Arabia for $1 billion, the Pentagon said in a statement.
The US army will train the Royal Saudi Land Forces Aviation Corps on a range of helicopters with an estimated total cost of $500 million and sell helicopter-related equipment for a further $500 million.
In November Saudi Arabia’s Crown Prince Mohammed bin Salman said the kingdom will increase the pledged investment into the US economy to $1 trillion, up from the $600 billion he committed in January.
The potential sale and maintenance of F-16 jets to Bahrain for $455 million was also approved.
The principal contractors will be General Electric Aerospace and Lockheed Martin Aeronautics, a statement said.
Further reading:
- UAE defence group Edge targets US market
- Saudi Arabia to raise US investments to $1 trillion
- Bahrain to invest $1.3bn into UK
Market Opportunity
1 Price(1)
$0.005041
$0.005041$0.005041
USD
1 (1) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
You May Also Like
Is Putnam Global Technology A (PGTAX) a strong mutual fund pick right now?
The post Is Putnam Global Technology A (PGTAX) a strong mutual fund pick right now? appeared on BitcoinEthereumNews.com. On the lookout for a Sector – Tech fund? Starting with Putnam Global Technology A (PGTAX – Free Report) should not be a possibility at this time. PGTAX possesses a Zacks Mutual Fund Rank of 4 (Sell), which is based on various forecasting factors like size, cost, and past performance. Objective We note that PGTAX is a Sector – Tech option, and this area is loaded with many options. Found in a wide number of industries such as semiconductors, software, internet, and networking, tech companies are everywhere. Thus, Sector – Tech mutual funds that invest in technology let investors own a stake in a notoriously volatile sector, but with a much more diversified approach. History of fund/manager Putnam Funds is based in Canton, MA, and is the manager of PGTAX. The Putnam Global Technology A made its debut in January of 2009 and PGTAX has managed to accumulate roughly $650.01 million in assets, as of the most recently available information. The fund is currently managed by Di Yao who has been in charge of the fund since December of 2012. Performance Obviously, what investors are looking for in these funds is strong performance relative to their peers. PGTAX has a 5-year annualized total return of 14.46%, and is in the middle third among its category peers. But if you are looking for a shorter time frame, it is also worth looking at its 3-year annualized total return of 27.02%, which places it in the middle third during this time-frame. It is important to note that the product’s returns may not reflect all its expenses. Any fees not reflected would lower the returns. Total returns do not reflect the fund’s [%] sale charge. If sales charges were included, total returns would have been lower. When looking at a fund’s performance, it…
Share
BitcoinEthereumNews2025/09/18 04:05
U.S. Banks Near Stablecoin Issuance Under FDIC Genius Act Plan
The post U.S. Banks Near Stablecoin Issuance Under FDIC Genius Act Plan appeared on BitcoinEthereumNews.com. U.S. banks could soon begin applying to issue payment
Share
BitcoinEthereumNews2025/12/17 02:55
Zero-Trust Databases: Redefining the Future of Data Security
Sayantan Saha is a researcher in advanced computing and data protection. He explores how zero-trust databases are reshaping the landscape of information security.
Share
Hackernoon2025/09/18 14:19