financetom
Business
financetom
/
Business
/
US agrees to sell Saudi Arabia $142 billion arms package
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
US agrees to sell Saudi Arabia $142 billion arms package
May 26, 2025 6:54 AM

RIYADH, May 13 (Reuters) - The U.S. agreed on Tuesday to

sell Saudi Arabia an arms package worth nearly $142 billion,

according to a White House fact sheet that called it "the

largest defense cooperation agreement" Washington has ever done.

The agreement, signed during U.S. President Donald Trump's

visit to the Saudi capital Riyadh, covers deals with more than a

dozen U.S. defense companies in areas including air and missile

defense, air force and space advancement, maritime security and

communications, the fact sheet said.

"The package signed today, the largest defense

cooperation deal in U.S. history, is a clear demonstration of

our commitment to strengthening our partnership," the fact sheet

said.

Reuters first

reported

last month that the arms package would be worth well over

$100 billion.

Saudi Arabia is the largest customer for U.S. arms.

Former President Joe Biden's administration tried

unsuccessfully to finalize a defense

pact

with Riyadh as part of a broad deal that envisioned Saudi

Arabia normalizing ties with Israel.

The White House fact sheet did not mention if Riyadh

would be permitted to purchase Lockheed's F-35 jets, the

military aircraft that the kingdom has reportedly been

interested in for years.

The two countries had discussed Riyadh's potential

purchase of Lockheed's F-35 jets, two sources briefed on

discussions told Reuters.

However, it was not clear if Washington would permit the

kingdom to move forward with a purchase that would give Saudi

Arabia an advanced weapon used by close U.S. ally Israel, one of

the sources said.

The second source said the qualitative military edge, or

U.S. guarantees that Israel receives more advanced American

weapons than Arab states, is an issue that "has come up."

The sources spoke to Reuters on condition of anonymity.

Israel has owned F-35s for nine years, building multiple

squadrons.

Governments in the Gulf have long sought the most advanced

fighter jet, built with stealth technology allowing it to evade

enemy detection. If the U.S. did approve the transfer, Saudi

Arabia would be only the second Middle East state after Israel

to operate F-35 fighters.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Hong Kong-listed Samsonite plans dual listing in hunt for investors
Hong Kong-listed Samsonite plans dual listing in hunt for investors
Mar 21, 2024
(Reuters) -Luggage maker Samsonite International ( SMSOF ) on Friday said it plans to pursue a dual listing in addition to its listing on the Hong Kong Stock Exchange to increase the liquidity of its shares and reach investors in more markets. Samsonite ( SMSOF ) did not provide details of the exchanges it is considering for the second listing,...
Meta's Instagram down for thousands, Downdetector shows
Meta's Instagram down for thousands, Downdetector shows
Mar 21, 2024
March 21 (Reuters) - Meta Platforms's ( META ) Instagram was down for thousands of users on Thursday, according to outage tracking website Downdetector.com. ...
Oil eases on possible Gaza ceasefire, dollar strength
Oil eases on possible Gaza ceasefire, dollar strength
Mar 21, 2024
SINGAPORE (Reuters) -Oil prices slipped on Friday on the possibility of a nearing Gaza ceasefire that could ease geopolitical concerns in the Middle East, while a stronger dollar and faltering U.S. gasoline demand also weighed on prices. Brent crude futures fell 42 cents, or 0.5%, to $85.36 a barrel by 0203 GMT. U.S. crude futures shed 40 cents, or 0.5%,...
Ecopetrol's Reficar refinery awarded nearly 20% of McDermott common capital, company says
Ecopetrol's Reficar refinery awarded nearly 20% of McDermott common capital, company says
Mar 21, 2024
BOGOTA, March 21 (Reuters) - The Reficar oil refinery belonging to Colombia's Ecopetrol was awarded 19.9% of the common capital in infrastructure firm McDermott in preferential shares by a judge in Amsterdam, Ecopetrol said in a statement on Thursday. The refinery is located in the Colombian city of Cartagena. ...
Copyright 2023-2026 - www.financetom.com All Rights Reserved