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Wednesday, October 16, 2013

U.S. Seeks $10.8 Billion Weapons Sale to U.A.E., Saudis

F-15 EagleThe U.S. Defense Department plans to sell Saudi Arabia and the United Arab Emirates $10.8 billion in advanced weaponry, including air-launched cruise missiles and precision munitions.

Notice yesterday of the planned sales of advanced weapons made by Boeing Co. (BA) and Raytheon Co. (RTN) sends a message of support from the Obama administration to two close allies in the Middle East as the U.S. and five other nations are engaged in talks to curb Iran’s suspected nuclear weapons program.

The Saudi regime has pressed the U.S. to maintain tough economic sanctions on Iran, both to discourage it from developing a nuclear arsenal and to limit Iran’s capacity to help its embattled ally, Syrian President Bashar al-Assad, according to two U.S. officials who spoke on condition of anonymity about diplomatic relations.

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