Business Agreements Strengthen Boeing, Saudi Arabia Partnership

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According to reuters, the deal includes the sale of military and passenger aircraft.

While numerous events were a serious affair - from a major speech Trump gave about combatting terrorism to a $110 billion defense deal - the jam-packed weekend also featured many lighthearted moments. The highest gains seen on the Lockheed Martin Corp. "These agreements will directly to His Majesty's Vision 2030 by opening the door f in the U.S.or thousands of highly skilled jobs in new economic sectors". Thomas A. Kennedy, the Chairman and CEO of Raytheon stated, "By working together, we can help build world-class defense and cyber capabilities in the Kingdom of Saudi Arabia".

Boeing will establish as well a new joint venture with the kingdom to provide services for the sustainment of a number of military platforms, said the prepared statement, while another and separate joint venture will provide support for both commercial and military helicopters. But given the source of the expression of Israel's concerns about the USA selling Saudi Arabia more than $100 billion in sophisticated arms was one of Netanyahu's longtime closest allies, he might have said it himself.

Saudi Arabia is seeking closer defense and co mmercial ties with the United States under Trump, as it seeks to develop its e co nomy beyond oil and leads a co alition that is fighting a war in Yemen. These programs will positively impact Saudi and US economies including job creation.

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The total value of the deals or how many aircraft Saudi Arabia intends to buy was not given in the statement announcing the agreements.

Cybersecurity and Communications: Equipment that will modernize Saudi Arabia's command and control networks across its military to improve its overall cohesion and operational effectiveness.

Additional details are emerging about President Donald Trump's $109.7 billion arms deal with Saudi Arabia that was formally signed on May 20.