Trump Signs “Single Largest Arms Deal In US History” With Saudi Arabia: Up To $350 Billion Over Ten Years
by Tyler Durden
ZeroHedge.com
May 20, 2017
When all other sources of economic growth appear tapped out, there is always the military-industrial complex coming to the rescue of US GDP with the sale of arms and equipment to the world’s biggest purchaser of weapons: Saudi Arabia. Because when one looks beyond the pageantry, pomp and circumstance of Trump’s visit to Saudi Arabia, the main purpose behind the president’s visit is precisely that: selling weapons, some $350 billion over the next decade, according to estimates.
To be sure, Trump arrival in Saudi Arabia on Saturday was quite a spectacle, with the Saudi king throwing the president’s family arrival at the Royal Diwan a “welcome fit for a king.”
However, it is what will be announced later today that will be the highlight of the various meetings between the Trump delegation and his Saudi hosts, who have promised to invest billions of dollars in the U.S. as well and make other decisions aimed at pleasing Trump.
According to a statement just issued by the White House, Trump “has just completed largest single arms deal in US history, negotiating a package totaling more than $109.7 billion” which will boost Saudi Arabia’s defense capabilities, bolstering equipment and services in the face of extreme terrorist groups and Iran.
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