Friday, December 9, 2016

U.S. Arms Sales Overseas Are On Record Pace With Big Mideast Sales

The State Department has OK'd a $3.1 billion order for Boeing-made Chinook helicopters. (Boeing)

U.S. arms sales overseas could crush records in fiscal year 2017 after the State Department cleared helicopter, missile and other military sales to allies in the Middle East. But President-elect Trump's anti-Muslim rhetoric could weigh on future sales to the region.
On Thursday the State Department approved a possible sale of 37 Boeing (BA) Apache helicopters to the United Arab Emirates along with engines and other spare parts for an estimated $3.5 billion, according to the Defense Security Cooperation Agency.
An estimated $3.51 billion order for 48 Boeing Chinook helicopters, related equipment, training, and support was approved for Saudi Arabia.
Other major deals approved included an $108 million deal for TOW anti-tank missiles to Morocco and United Technologies' (UTX) Pratt & Whitney F117 engines and logistic support to Qatar.

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