Saudi Arabia, US Sign $15B Agreement for 44 THAAD Missile Systems

  • Our Bureau
  • 09:53 AM, November 29, 2018
  • 2880
Saudi Arabia, US Sign $15B Agreement for 44 THAAD Missile Systems
Terminal High Altitude Area Defense (THAAD) missile system

Saudi Arabia has signed a letter of offer and acceptance with the United States for the procurement of 44 Terminal High Altitude Area Defense (THAAD) missile systems for an approximate $15 billion.

Saudi officials alongside their US counterparts signed the government-to-government agreement earlier this week, CNBC  reported quoting an unnamed state department spokesperson Wednesday.

Saudi Arabia and the US entered formal discussions for THAAD in December 2016.

"After completing required congressional notifications in 2017, followed by many months of negotiation, signing letters of offer and acceptance marks a step toward protecting the United States and its regional partners from Iranian-origin missiles," said the State Department spokesperson.

"The sale of the THAAD missile defense system benefits US national security by supporting the long-term security of Saudi Arabia and the Gulf region in the face of the growing ballistic missile threat from the Iranian regime and Iran-backed extremist groups," the spokesperson added.

Also Read

Lockheed Martin to Begin Detail Design of Multi-Mission Ships for Saudi Arabia

November 17, 2018 @ 10:11 AM

Sierra Nevada Corp to Equip Saudi Arabian King Air Aircraft with ISR...

November 1, 2018 @ 08:31 AM

Germany Stops Arms Sales to Saudi Arabia Over Khashoggi Killing, Urges EU...

October 22, 2018 @ 02:14 PM

Despite Vowing Not to, Germany Okays Weapons Sale to Saudi Arabia

September 20, 2018 @ 02:28 PM

Raytheon Receives $2.3 billion Contract for 7 THAAD Radars, 2 for Saudi

June 27, 2020 @ 01:22 AM

US To Deploy THAAD Defense System In Romania

April 16, 2019 @ 08:44 AM

Lockheed Martin to Supply THAAD Defense Systems to Saudi Arabia for $946

March 5, 2019 @ 11:27 AM

Russia Begins Delivery of AK103 Assault Rifles to Saudi Arabia

February 18, 2019 @ 06:38 AM

Navantia Starts Construction of First Saudi Arabian Corvette

January 17, 2019 @ 09:42 AM

Saudi-Ukrainian Developed Mobile Ballistic Missile to Enter Saudi Service by 2022

January 4, 2019 @ 12:07 PM