How Arms Deals Are Shaping the Mideast

(Christian Science Monitor) Kristen Chick - From 2005 to 2009, the U.S. sold up to $37 billion in arms to Gulf states, including Saudi Arabia, the United Arab Emirates (UAE), Bahrain, Qatar, Oman, and Kuwait, according to the U.S. Government Accountability Office. The recent U.S.-Saudi deal, which is expected to be submitted to Congress for approval soon, could be worth as much as $60 billion. In addition, U.S. officials are discussing a $30 billion package to upgrade Saudi Arabia's naval forces. The U.S. is also expected to agree next year to sell the Theater High Altitude Area Defense missile defense system to the UAE for about $7 billion. The U.S.-Saudi deal could spur new job growth, supporting at least 75,000 jobs at Boeing and United Technologies.

2010-10-08 09:30:42

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