US and Saudi Arabia conclude a $1.6 billion arms deal

Published January 4th, 2001 - 02:00 GMT
Al Bawaba
Al Bawaba

A $1.6 billion arms deal has been concluded between the United States and Saudi Arabia, a Riyadh-based US diplomat told the Associated Press news service, on condition of anonymity.  

 

According to the diplomat, the deal involves a three-year contract worth $1.6 billion for the maintenance of Saudi Arabia’s F-16 jet fighters. It will provide employment to 1,000 people. 

 

The diplomat says that the deal also includes the modernization of the Saudi National Guard, which will receive 1,827 anti-tank rockets, tactical communications equipment and 132 armored vehicles. ¯ (Albawaba-MEBG)

© 2001 Mena Report (www.menareport.com)