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Business/Financial

Trump Remains Bullish on Saudi Arms Sales As Lawmakers Push Bill to Restrict Them

By Vivienne Machi

Tuesday, November 20th, 2018

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Trump Remains Bullish on Saudi Arms Sales As Lawmakers Push Bill to Restrict Them

A Royal Saudi Air Force KC-130J Super Hercules aerial refueling tanker delivered to Saudi Arabia in 2016. Photo: Lockheed Martin.

President Trump appears to remain steadfast in his support for Saudi Arabia and committed to pursuing foreign military sales to Riyadh for fear of competition from peer adversaries in a new statement issued Tuesday.In a written statement, the Trump administration lauded the U.S.-Saudi relationship and emphasized the $110 billion in military equipment from companies including Boeing [BA], Lockheed Martin [LMT] and Raytheon [RTN] that has already been approved for sale to the Gulf nation.“If we foolishly cancel these contracts, Russia…

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