Saudi Arms Deal Advances -- Wall Street JournalWhite House to Notify Congress Soon of $60 Billion Package, Largest Ever for U.S.
The Obama administration is set to notify Congress of plans to offer advanced aircraft to Saudi Arabia worth up to $60 billion, the largest U.S. arms deal ever, and is in talks with the kingdom about potential naval and missile-defense upgrades that could be worth tens of billions of dollars more.
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My Comment: Even if this deal is approved, it comes about during a time of severe recession and falling sales in the world's arms trade.
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