LOCKHEED MARTIN

Lockheed Clinches $2.4 billion Deal for Sale of ‘Crown Jewel’ THAAD missiles to Saudi Arabia, Part of $15 billion Package

THAAD
Bethesda, Maryland-based Lockheed Martin Corporation was awarded a $2.4 billion Pentagon contract on Monday for THAAD interceptor missiles, some of which will head to Saudi Arabia, Reuters reports.

Saudi Arabia

News, analysis, and more

Aramco $ Bond

Saudi Aramco commences bond roadshow, gets A1 rating

Investor meetings will be held in London, New York, Boston as well as Singapore, Hong Kong and Tokyo. Additionally, investors meetings will also be held in ...

 

Saudi Aramco

Aramco’s Big Reveal: What We Learned About the Saudi Oil Giant

The $58.2 billion in dividends paid to the Saudi government last year indicates the company is worth closer to $1.2 trillion if it’s judged by ...

 

Saudi Oil Policy

Saudi Arabia may keep May crude prices little changed

Top oil exporter Saudi Arabia is expected to keep prices of various grades of crude it sells to Asia little changed in May from the ...

 

Saudi Aramco

Analysis: Saudi Aramco’s Double-Edged Advantage

What this all adds up to is that, when it comes to the integrated oil industry’s main financial metric, return on capital employed, Aramco is ...

 

Restaurants

Saudi women cook up a revolution in restaurant trade

Some female entrepreneurs in Riyadh and Jeddah are breaking new ground in more ways than one as they become part of a phenomenon more familiar ...

 

Defense

Lockheed clinches $2.4 billion deal for sale of THAAD missiles

Lockheed Martin Corp was awarded a $2.4 billion Pentagon contract on Monday for THAAD interceptor missiles, some of which are slated to be delivered to ...

 

Stock Market

Investors Hold Back on Saudi Stock Bets

Foreign investors are treating Saudi Arabia’s stock market with caution following its addition to two major indexes, reflecting concern over a government campaign to pump ...

 

Stock Market

Saudi Shares Overtake Turkey as Destination for U.S. ETFs

The amount of money that U.S.-based investors are pouring into Saudi Arabian equities has overtaken flows into Turkish stocks, a sign of the contrasting recent ...

 

Defense

Saudi crown prince lays cornerstone of Air War Center

The Air War Center will contribute to developing and modernizing combat plans against potential threats, developing and evaluating air force capabilities, standardizing combat concepts and ...

 

Energy

KBR lands service contract to improve refinery in Saudi Arabia

Houston oilfield service company KBR has landed a service contract to help improve a refinery in Saudi Arabia. ...

 

Squash

That Day a Saudi Junior won an International Title…

But how important is it for Squash in that country? It’s huge. The Olympic Committee tweeted about it, the General Sport Authority as well ...

 

Saudi +

Regional and related topics

Turkey

U.S. Stops F-35 Parts Delivery After Turkey Decides To Buy Russian Missile System

Turkey is helping the U.S. build the F-35 jet fighter. It also insists on buying a Russian air defense missile system that could shoot that ...

 

Turkey Elections

Recep Tayyip Erdogan’s ruling party suffers losses in Turkey’s 3 largest cities

Erdogan's party has lost races in the capital Ankara and Izmir. Results are still too close to call in Istanbul. Candidates of the opposition Republican ...

 

Yemen

US carries out first airstrikes in Yemen in nearly 3 months

The US has sought to prevent al Qaeda from exploiting the chaos of Yemen's civil war to establish a safe haven, but the number of ...

 

GCC Economies

Year-on-year Deficits Brewing in Gulf Economies

More spending, low growth, and recurring deficits are not a recipe for long-term economic sustainability, but this concoction may be a necessary pill for Gulf ...

 

State Capitalism

Perspective: State capitalism risks the next Careem

Whether through institutional enforcement or state dominance in markets, Saudi Arabia and the UAE are modeling a new kind of state capitalism for the region. ...

 

Agriculture

Sudan’s Bid to Feed the Middle East Left Its Own People Furious

“There’s good soil, enough water, sunshine, everything you need to grow a lot of crops,” says Abdelazim al-Jak, a Khartoum native who now manages the ...

 

Bahrain

Kuwait inks financial aid agreement for Bahrain

Kuwait signed an agreement to support Bahrain’s economy as part of a series of fiscal reforms Bahrain has embarked on last year, Kuwait’s finance ministry ...

 

India-Pakistan

Pakistan soldiers killed in fresh clashes on India border

At least three soldiers killed, one wounded in exchange of fire in disputed Kashmir region, Pakistan's military says. ...

 

Iran

Iran’s Hurricane Katrina Moment

So tightly and firmly do Iranian authorities want to maintain control over the messaging over the flood that, with the exception of reporters from state ...

 

Egypt

Attack Victim Presses U.S. To Suspend Military Sales To Egypt

More than three years ago, the Egyptian military, using U.S.-made helicopters, mistakenly attacked a group of tourists — killing 12 people and wounding an American ...

 

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