The U.S. State Department said on Thursday it had approved the possible sale of an estimated $670 million worth of TOW 2B anti-tank missiles. Saudi Arabia is the prospective buyer, CNBC informed.
The department said it had notified the U.S. Congress on Thursday of the possible sale.
“This proposed sale will support U.S. foreign policy and national security objectives by improving the security of a friendly country which has been, and continues to be, an important force for political stability and economic growth in the Middle East,” the State Department said in a statement.
The principal contractor for this sale is Raytheon Missile Systems.
In the White House on Tuesday, President Donald Trump showed off charts revealing $12.5 billion of arms sales to Saudi Arabia and $20 billion pending. Those include threat detection Aerostats, Abrams tank upgrades, Multi-Mission Surface Combatant frigates, the THAAD system and other equipment.
The Saudi embassy in Washington said Prince Mohammed met the “leadership from Boeing, Raytheon, Lockheed Martin, and General Dynamics companies” on Wednesday. The discussion, the embassy said, involved developing technology and growing trade and business ties between the US and the Kingdom.
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