Boeing, Lockheed Martin Benefit From Saudi Arms Package | Aviation International News

Boeing, Lockheed Martin Benefit From Saudi Arms Package

The White House announced $110 billion in arms and services agreements during President Trump's visit to Saudi Arabia.

U.S. and Saudi companies will form a joint venture for assembly and completion of 150 S-70 Black Hawks. (Photo: Lockheed Martin)

May 22, 2017

Boeing and Lockheed Martin are major beneficiaries of $110 billion in arms and services agreements the White House announced during President Donald Trump’s visit to Saudi Arabia. Included in the package, the Saudi government has signaled its intent to buy an undisclosed number of Boeing P-8 Poseidon martime patrol aircraft; another agreement creates a joint venture to assemble 150 Lockheed Martin S-70 Black Hawk helicopters, the defense contractors said.

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