Jul 29, 2015
U.S. approves possible sale of $5.4 billion in PAC-3 missiles to Saudi Arabia
The U.S. State Department has approved the possible sale to Saudi Arabia of $5.4 billion in additional PAC-3 missiles built by Lockheed Martin Corp , the Pentagon said on Wednesday.
The Defense Security Cooperation Agency said the sale would benefit a key U.S. partner in the Middle East. Notification to Congress was sent on Tuesday and follows a major nuclear deal with Iran. The missile sale approval could help reassure Saudi Arabia about the U.S. commitment to its security.
(Reporting by Andrea Shalal; Editing by Will Dunham)