Trump signs massive $110 billion deal with Saudi Arabia that focuses on defense (LMT, NOC, BA, RTN)
|05/22/2017||Posted by BusinessMediaguide.Com under General World News||
Shares of defense contractors are popping on Monday after President Donald Trump signed a $110 billion investment deal with Saudi Arabia over the weekend.
The deal, according to the Washington Post, is targeted to “support Saudi Arabia’s defense needs” and include the sales of missile defense systems, ships, airborne security systems, and cybersecurity capabilities.
Additionally, Saudi Arabia signed individual multi-billion deals with US companies including Boeing and Blackstone.
The deals are seen as attempts by the Saudi government to win over Trump after the president was critical of the country during his campaign.
In a speech on Sunday in Saudi Arabia, Trump read more >>>