American military defense companies have agreed to immediately sell nearly $110 billion in equipment and services to the Saudi Arabian government as part of a long-term agreement inked Saturday by the Trump administration and the Arab kingdom. The State Department released a fact sheet that described the military hardware Saudi Arabia will buy as ‘aerostats, tanks, artillery, counter-mortar radars, armored personnel carriers [and] helicopters.’ The new defense deals are part of Trump’s strategy to hold both the ISIS terror army and Iran’s nuclear ambitions in check through the intervention of Middle Eastern partners instead of expensive American military deployments.
The deal, formalized in a signing ceremony in the capital city of Riyadh, also calls for an expanded deal worth a total of $350 billion over ten years. Separately, U.S. companies in the oil center stand to gain $22 billion in new deals with the state-owned oil company Saudi Aramco. And pacts with other companies could balloon that number as high as $50 billion. US companies also stand to gain 23 new licenses and numerous other contracts.
Commerce Secretary Gary Cohn said “I can’t imagine another business day that’s been as good for the United States and the Kingdom of Saudi Arabia”. He added that “Saudi Arabia Saudi Arabia will ‘invest a lot of money in the U.S. and have a lot of U.S. companies invest and build things over here”.