US approves more than $6.5 billion in potential military sales to Israel, Pentagon says

Reuters01-31 06:50
UPDATE 1-US approves more than $6.5 billion in potential military sales to Israel, Pentagon says

Recasts with more contracts

Jan 30 (Reuters) - The U.S. State Department has approved more than $6.5 billion in potential military sales to Israel in three separate contracts, the Pentagon said on Friday.

The U.S. State Department approved a potential sale of Joint Light Tactical Vehicle and related equipment for an estimated cost of $1.98 billion, and another sale of AH-64E Apache Helicopters for $3.8 billion, the Pentagon said in separate statements.

A third military contract was also awarded for $740 million.

The principal contractor for the first sale is AM General LLC, while Boeing BA.N and Lockheed Martin LMT.N are the contractors for the sale of Apache helicopters.

(Reporting by Bhargav Acharya; editing by Costas Pitas)

((Bhargav.Acharya@thomsonreuters.com;))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment