Date
20 November 2017
Boeing Co.'s announcement is the latest in business deals worth tens of billions of dollars signed between US and Saudi companies. Photo: Reuters
Boeing Co.'s announcement is the latest in business deals worth tens of billions of dollars signed between US and Saudi companies. Photo: Reuters

Boeing signs defense, commercial deals with Saudi Arabia

Boeing Co. has signed several defense and commercial deals with Saudi Arabia including for the sale of military and passenger aircraft, Reuters reports, citing the company. The deals come during a visit by US President Donald Trump to the kingdom.

Boeing said Saudi Arabia agreed to buy Chinook helicopters, associated support services and guided weapons systems, and intends to purchase P-8 surveillance aircraft.

The US State Department in December announced plans to sell Saudi Arabia CH-47F Chinook cargo helicopters and related equipment, training and support worth US$3.51 billion. Congress was informed last year that a sale to Saudi Arabia would involve 48 of the helicopters.

Saudi Arabia is seeking closer defense and commercial ties with the United States under Trump, as it seeks to develop its economy beyond oil and leads a coalition that is fighting a war in Yemen. Saudi Arabia is seeking to end Iran-allied Houthi control over most of Yemen’s main population centers and restore its internationally recognized government to power.

The total value of the deals was not disclosed in a statement announcing the agreements.

The Boeing announcement is the latest in business deals worth tens of billions of dollars signed between U.S. and Saudi companies since Trump arrived in Riyadh on Saturday.

“These announcements reaffirm our commitment to the economic growth, prosperity and national security of both Saudi Arabia and the United States, helping to create or sustain thousands of jobs in our two countries,” said Boeing Chief Executive Officer Dennis Muilenburg.

Boeing also said it would negotiate the sale of up to 16 widebody airplanes to Saudi Gulf Airlines, which is based in the country’s east in Dammam.

– Contact us at [email protected]

RA

EJI Weekly Newsletter

Please click here to unsubscribe