Saudi inks $1.7bn deal to upgrade missiles system

Discussion in 'West Asia & Africa' started by lambu, Jun 21, 2011.

  1. lambu

    lambu Regular Member

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    Saudi Arabia has signed a $1.7bn deal with Raytheon, the world’s largest missile maker, to upgrade its missile defense system, the company said Tuesday.

    The contract will overhaul the Gulf state’s existing Patriot Air and Missile Defence System, Raytheon said in a statement from the Paris Air Show.

    The six oil exporting Gulf states have been spending billions of dollars in recent years on the latest defense systems. The region is forecast to spend as much as $100bn in the next few years in overhauling their military, in part to counter the perceived threat posed by Iran.

    The UAE was in March named the region’s largest arms importer and the sixth largest buyer of weapons worldwide by the Stockholm International Peace Research Institute.

    detail news follow the link...

    Saudi inks $1.7bn deal to upgrade missiles system - Industries - ArabianBusiness.com
     
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  3. indian_sukhoi

    indian_sukhoi Regular Member

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    1.7$$ Billion to upgrade some Hawk missiles???
     
  4. Blackwater

    Blackwater Veteran Member Veteran Member

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    wow that's what I called money and phat decision. Look at our India paisa to ha par wo nahi..

    For Saudis." They came,they saw,they ordered"

    For India" they came, they saw, and saw,saw,saw,saw,saw then came back and promise to come again next year":becky::becky:

    Some times i feel life to so easy in dictatorship
     
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