President Trump on Saturday signed a $110 billion arms deal between the U.S. and Saudi Arabia.
The arms transaction is intended to bolster national security in Saudi Arabia as well as the country’s ability to combat terrorism. The White House says the agreement will provide fighter jets, tanks, radar, combat ships and anti-missile defense systems to Saudi Arabia and will create defense-related jobs in the U.S.
The defense cooperation agreements signed Saturday offer the Saudis $110 billion immediately, and ultimately worth $350 billion over the next decade. WashingtonExaminer
The agreement will provide fighter jets, tanks, combat ships and anti-missile defense systems and create defense-sector jobs in the U.S., according to the White House. The deal includes additional private-sector agreements and a joint vision statement with Saudi Arabia, one of the world’s largest oil producers.
“That was a tremendous day,” Mr. Trump told reporters. “Tremendous investments in the United States.”
“Hundreds of billions of dollars of investments into the United States and jobs, jobs, jobs.” he continued.
The agreement signals a strengthening relationship between the U.S. and Saudi Arabia and distances the U.S. from Iran, Saudi Arabia’s adversary. KtVA