US to sell fighter jets to Saudi Arabia

2011-12-29 22:01
Honolulu - The White House said on Thursday a $29.4bn deal to sell Boeing-made fighter jets to Saudi Arabia's air force would support more than 50 000 US jobs and give the American economy a $3.5bn annual boost.

White House spokesperson Josh Earnest said the government to government deal included production of 84 new aircraft and upgrades to 70 existing aircraft as well as munitions, spare parts, training, maintenance and logistics.

"This agreement reinforces the strong and enduring relationship between the United States and Saudi Arabia, and demonstrates the US commitment to a strong Saudi defense capability as a key component to regional security," Earnest said in a statement from Hawaii, where President Barack Obama is vacationing.

Read more on:    saudi arabia  |  us  |  economy  |  security

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