Saturday, May 20, 2017

President Trump Signs Massive $350 Billion Arms Deal With The Saudi King

US President Donald Trump (L) and Saudi Arabia's King Salman bin Abdulaziz al-Saud, Riyadh May 20, 2017. © Mandel Ngan / AFP

CNBC: US-Saudi Arabia seal weapons deal worth nearly $110 billion immediately, $350 billion over 10 years

The United States has sealed an arms deal to Saudi Arabia, the White House announced on Saturday, a move that solidifies its decades-long alliance with the world's largest energy producer just as President Donald Trump begins an official visit to the country.

The agreement, which is worth $350 billion over 10 years and $110 billion that will take effect immediately, was hailed by the White House as "a significant expansion of…[the] security relationship" between the two countries.

The arms package represents an enhancement of Saudi Arabia's military capabilities as tensions flare in the region, with the U.S. viewing the Saudis as a linchpin in efforts to check the global ambitions of Iran. The country, the hub of Islam's most revered sites, but is also a target of radical Islamic extremism.

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WNU Editor: This U.S. Senator thinks this is a terrible deal .... Dem senator: Trump's arms deal with Saudis a 'terrible idea' (The Hill).

More News On President Trump Signing A Massive $350 Billion Arms Deal With The Saudi King

Embattled Trump starts foreign tour with Saudi arms deal -- AFP
Trump signs $110 billion arms deal with Saudi Arabia -- CBS
'A lot of money! Big dollars!' Trump team delivers $350 BILLION in new long-term business for U.S. companies as Saudis snap up defense equipment -- Daily Mail
U.S.-Saudi Arabia Sign More Than $110B Arms Deal Amid Trump Visit -- NBC
Trump in Saudi Arabia signs $110B arms deal with Persian Gulf ally -- FOX News
Trump signs $110B defense deal with Saudi Arabia -- The Hill
Trump, Saudi King Salman Sign a Nearly $110-Billion Defense Deal -- VOA
Trump strikes arms deal with Saudis worth $350bn, $110bn to take effect immediately -- RT

1 comment:

Aizino Smith said...

This is not a massive arms deal.

We have several states taken together that could spend this amount in 5 years.

This is only 5 times the Puerto Rican debacle.