Biden administration approves $106 5M arms sale to Israel aa.com.tr - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from aa.com.tr Daily Mail and Mail on Sunday newspapers.
Despite conditions in which the Dow Jones Industrial Average has fallen by 10% for the year as a whole, the share prices of US defense contractors have surged.
Washington Approves Massive Arms Deals for Arab States Dima Abumaria 12/31/2020
Kuwait, Saudi Arabia and Egypt are facing threats from Iran and regional instability, and are constantly strengthening their military systems, experts say
The US State Department has approved possible arms sales to Kuwait, Saudi Arabia and Egypt worth a total of more than $4.8 billion.
The US Defense Department’s Defense Security Cooperation Agency notified Congress of the prospective deals on Tuesday, giving lawmakers 30 days to block the sales if they wish.
Kuwait is approved to buy eight AH-64E Apache Longbow Attack Helicopters, equipment to upgrade 16 AH-64D Apache helicopters to the AH-64E version, and spare parts to upgrade its Patriot missile systems, for a total of $4.2 billion.