Oil-rich Saudi Arabia is one of Washington’s most crucial strategic partners and a significant patron of US defence companies.
Saudi Arabia has signed a letter of offer and acceptance with the United States for the purchase of Lockheed Martin’s THAAD missile defence system, a State Department spokesperson announced on Wednesday, CNBC reported.
‘The sale of the THAAD missile defence system benefits US national security by supporting the long-term security of Saudi Arabia and the Gulf region in the face of the growing ballistic missile threat from the Iranian regime and Iran-backed extremist groups,’ the spokesperson added.
