U.S. State Dept approves $467 million in military sales to Qatar and UAE

By Kitco News / March 08, 2018 / www.kitco.com / Article Link

WASHINGTON (Reuters) - The U.S. State Department approved a total of $467 million worth of potential foreign military sales to Qatar and the United Arab Emirates, the Pentagon said in separate approval notices on Thursday.

Raytheon Co was listed as the prime contractor for both the foreign military sales.

The Qatar Emiri Air Force was approved for $197 million worth of equipment to upgrade its air operations center, according to the Pentagon statement.

Qatar was cleared to buy global positioning system equipment and information distribution systems, the Pentagon said.

Separately, the United Arab Emirates was approved to buy 300 Sidewinder missiles, training missiles, tactical guidance units, and spares and support. The total estimated cost of the sale to UAE was $270.4 million, the Pentagon said.

(This version of the story corrects total amount of sale to $467 million in headline and lead paragraph.)

Reporting by Mike Stone and Susan Heavey in Washington; Editing by Bernadette Baum

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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