In recent time, the Pentagon granted Lockheed Martin with $946 Million on behalf of Saudi Arabia for the defense company’s THAAD (Terminal High Altitude Area Defense) missile defense system. The DoD (Department of Defense) announced that the million dollar grant is the first payment of what is anticipated to be a $15 Billion agreement. In November, CNBC stated that Saudi Arabia inked a memo of offer and approval with the U.S. for THAAD missile system, which is a significant step frontward in the $15 Billion deal. Saudi executives, along with their U.S. equivalents, inked the decisive government-to-government deal on November 26, setting the stage for the very big sale of 44 THAAD missiles, launchers, and related equipment.
The Pentagon’s major weapons supplier is constructed by Lockheed Martin and is regarded as the US’ crown jewel in the missile defense systems. The improvement came as Saudi Arabia surfaced inquiry in the killing of journalist Jamal Khashoggi, plus its role in Yemen’s war. The U.S. President Donald Trump, in meantime, has stated the significance of defense deals in defending his conclusion to stick with Saudi Arabia in the outcome of the slaying. Reportedly, Saudi Arabia’s oil-rich realm is one of America’s most critical strategic partners and an important client of the U.S. defense companies.
Recently, Lockheed Martin was in news as Singapore intends to order 4 of the defense company’s fighter jets. Singapore has planned to order four F-35 Joint Strike Fighters from Lockheed Martin to reinstate its aging F-16 convoy and prepares to send a letter of demand to the U.S. for the attainment, Ng Eng Hen—Defense Minister of Singapore—stated. Singapore also intends to have an alternative to order 8 more of the fighter jets, Ng asserted to policymakers in parliament. The city-state’s air force can have a convoy of F-15SGs and F-35s in a decade or so from the present time, he stated.