US State Department Approves $650 Million Missile Sale to Saudi Arabia

The Pentagon announced the sale of $650 million worth of air to air missiles to Saudi Arabia. The deal marked the first major arms sales to Saudi Arabia under the Biden Administration. Despite being one of the closest allies of the US in the Middle East, arms sales to Saudi Arabia was vetoed by many US lawmakers for the kingdom’s involvement in the war in Yemen.

After the Pentagon notified the Congress on the sale, the deal now awaits approval from the lawmakers. If approved, this will be the first major arms sale to Saudi Arabia after President Biden’s policy of selling only defensive weapons to the kingdom.

The State Department had approved the sale last month. According to the State Department statement, the approval came after Saudi Arabia has faced cross border attacks over the past year. The State Department also added that the sale was approved to ensure Saudi Arabia could defend itself from the air attacks of Iran backed Houthis.

The missiles are produced by Raytheon.

Need to access the insight?

Start your 7-day free trial now

Need to access the insight?

Start your 7-day free trial now

Need to access the insight?

Start your 7-day free trial now


Do you need to access special insights on this matter?

Start your 7-day free trial  and become a member today


Get your daily Business Brief

Subscribe free to Business Brief

Business Brief delivers the latest insights straight to your inbox

You'll get daily industry insights on

Energy, Cleantech, Oil & Gas, Mining, Defense, Aviation, Construction, Transportation, Online Retail, Bigtech, Finance and Politics of Business

By clicking subscribe you agree to our privacy and cookie policy and terms and conditions of use.

Read more insights

China Cannot Give Up on Coal As Growth, Energy Security Concerns Remain

During China’s annual parliament gathering, the leaders and officials pledged to make full use of coal, underlining its vital importance in China’s energy strategy. While China has stayed committed to its longer term climate change goals, the leaders decided economic stability would not be possible in the short term if the country phases out coal too quickly. 

Honda Plans to Increase EV Presence in the U.S. with LGES Joint Venture

South Korean battery maker LG Energy Solution (LGES) and Japan’s Honda Motor plan to establish a battery joint venture in the United States. The potential battery JV could cost as much as $3.4 billion and have an annual capacity of up to 40 gigawatt hours. The timeline of the JV has not been revealed.  

China Signals Approval for the Return of 737 MAX

China’s Civil Aviation Administration (CAAC) signaled that it’s close to clear Boeing’s 737 MAX airplane, after saying the design changes could resolve safety issues. The airplane has been banned in China for more than two years after two deadly crashes.

Stay informed

error: This content is protected !!