Saudi Arabia signs $15 billion deal for THAAD missile defense system

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Saudi Arabia, US take a significant step toward closing $15 billion deal for Lockheed Martin's THAAD missile defense system

A soldier with Battery Echo, 62nd Air Defense Artillery Regiment, 69th Air Defense Artillery Brigade shows the members of the brigade staff around the training area developed specifically for the Terminal High Altitude Area Defense weapon system, Sept. 20 at Fort Hood, Texas.

Source: U.S. Army photo by Sgt. Brandon Banzhaf, 69th Air Defense Artillery Brigade's Public Affairs NCOIC
A soldier with Battery Echo, 62nd Air Defense Artillery Regiment, 69th Air Defense Artillery Brigade shows the members of the brigade staff around the training area developed specifically for the Terminal High Altitude Area Defense weapon system, Sept. 20 at Fort Hood, Texas.
WASHINGTON — Saudi Arabia has signed a letter of offer and acceptance with the United States for Lockheed Martin's THAAD missile system, a significant step forward in the $15 billion deal, a State Department spokesperson confirmed to CNBC.
Saudi officials, alongside their U.S. counterparts, signed the crucial government-to-government agreement earlier this week, paving the way for the massive sale of 44 THAAD launchers, missiles and related equipment.
Manufactured by Lockheed Martin, the Pentagon's top weapons supplier, THAAD, or terminal high altitude area defense, is regarded as America's crown jewel in missile defense systems.

The Saudi Embassy did not respond immediately to CNBC's request for comment.
 
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