The State Department has cleared a $ 650 million foreign military sale proposal from Saudi Arabia for the purchase of advanced medium-range air-to-air missile systems built by Raytheon Technologies (NYSE: RTX) and associated equipment.
Saudi Arabia has requested to purchase up to 280 AMRAAM AIM-120C and 596 LAU-128 missile launchers as well as spare and repair parts, containers and weapon support systems, the Defense said Thursday. Security Cooperation Agency.
The proposed transaction also calls on U.S. government officials and contractors to provide the engineering, technical and logistical services necessary to support the stockpile of medium-range missiles from the foreign country’s fleet of fighter jets, which includes airplanes. Eurofighter Typhoon and F-15.
The DSCA briefed Congress on the potential arms sale on Thursday, and the agency noted that the deal would support U.S. foreign policy and national security efforts.
Raytheon was awarded a $ 518.4 million contract with the US Air Force in March to supply Lot 34 of AMRAAM systems to domestic and international defense customers.