Pentagon awards Lockheed Martin nearly $1 billion for Saudi missile system deal

  • 📰 CNBC
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 72%

United States Headlines News

United States Latest News,United States Headlines

Manufactured by Lockheed Martin, the Pentagon's top weapons supplier, THAAD is regarded as America's crown jewel in missile defense systems.

WASHINGTON — The Pentagon awarded Lockheed Martin $946 million on behalf of the Kingdom of Saudi Arabia for the defense giants' THAAD missile defense system, the Defense Department announced Monday.

In November, CNBC learned that Saudi Arabia signed a letter of offer and acceptance with the United States for Lockheed Martin's THAAD missile system, a significant step forward in the $15 billion deal. Manufactured by Lockheed Martin, the Pentagon's top weapons supplier, THAAD, or terminal high altitude area defense, is regarded as America's crown jewel in missile defense systems.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Yay! They'll be able to murder even more people. American greed at the cost of humanity never ends.

Build the wall first please !

PentagonPresSec

And “we need to cut social security, Medicare “, seriously. GOP your hypocrisy is showing.

cranialrectal1 Sad that even the Pentagon has forgotten.

PentagonPresSec To say this is bad timing is an understatement!

Oh for fucks sake

Of course they do. War is profitable.

Kushner.....

Oh? Could this be why trump shrugged off Khashoggi's murder by the Saudis?

The Saudis are paying for it $15 billion. The question is why?

Why, because War = $$$

Where will the money come from? More tax cuts for billionaires?

RepSwalwell RepAdamSchiff RepCummings RepMaxineWaters tedlieu

Why are we paying for this?

MatthewKurasz

Going away present ?

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Lockheed Martin wins $846 million U.S. defense contract: PentagonLockheed Martin Corp has been awarded a $846 million U.S. defense contract for l... Stop the military industrial complex In case anybody wondered why Boeing hired Nikki Haley. CrookedCopmala Wow not every day you see a victory for the little guys! Just what I needed to turn this week around!
Source: Reuters - 🏆 2. / 97 Read more »

Wall Street thinks the $1 billion market CBD could explode to $16 billion by 2025In a new report, analysts at the investment bank Cowen highlight a marijuana and hemp compound called CBD as a massive opportunity for growth. I hope so since I invested ! SamirMustafic20
Source: BusinessInsider - 🏆 729. / 51 Read more »

Esports revenue is expected to top $1 billion worldwide for the first time during 2019Driven by sponsorships and media rights deals, analyst group Newzoo expects the esports industry to see significant growth this year.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Platinum Partners' Nordlicht, others face $1 billion fraud trial in NYFormer Platinum Partners chief Mark Nordlicht and other executives of the now-de...
Source: Reuters - 🏆 2. / 97 Read more »

Exclusive: Pentagon spent nearly $8 million to treat 1,500 transgender troops since 2016The Pentagon reveals that it has spent $8 million to treat 1,500 transgender troops with gender dysphoria according to data obtained by USA TODAY. well noted USA TODAY this is 0.001% of the military budget. treat em how?
Source: USATODAY - 🏆 100. / 63 Read more »

Exclusive: Pentagon spent nearly $8 million to treat 1,500 transgender troops since 2016The Pentagon reveals that it has spent $8 million to treat 1,500 transgender troops with gender dysphoria according to data obtained by USA TODAY. RoqueJc2010 A drop in the bucket compared to what the U.S. government has to pay for all of Trump's golf vacations in a single year.
Source: YahooNews - 🏆 380. / 59 Read more »

As Amazon fights for a $10 billion Pentagon cloud deal, Microsoft is a 'lock-in' for an $8 billion government contract that nobody else can really winThe $8 billion Defense Enterprise Office Solution contract is up for grabs. Here's why analysts say Microsoft is the only viable competitor.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Qatar says no decision yet on Russian missile defense systemQatar's foreign minister said no decision has been made yet on Qatar purcha... Everyone needs a Russian missile defense system don't they? You're not cool of you don't have one..omg!! Delusional.. Trump is cautioned that there is a threat of withdrawal from the US military force. 11,000 american troops live in Qatar why do you need russian defense system ? Because of IQ45 aka realDonaldTrump wanting to pull troops out. 1st they were in Saudi were to next?
Source: Reuters - 🏆 2. / 97 Read more »

U.S. says deployed THAAD missile defense system to IsraelThe U.S. military has deployed its most advanced air and missile defense system ... 🤔🤔🤔 To support a instigating leader who causes trouble for the world to hide his scandals? AND HOLLAND
Source: Reuters - 🏆 2. / 97 Read more »

U.S. deploys THAAD missile defense system to IsraelThe U.S. military has deployed its most advanced air and missile defense system ... Thaddeus Stop making killing machine
Source: Reuters - 🏆 2. / 97 Read more »