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U.S., Saudi Sign Boeing F-15 Fighter Deal Proposed in 2010
December 29, 2011 – Hans Nichols, Steven Komarow, Ann Hughey – Bloomberg
Dec. 29 (Bloomberg) — The Obama administration has signed an agreement with Saudi Arabia that Congress approved in 2010 to sell Boeing Co. F-15 fighters to the Gulf ally.
“Valued at $29.4 billion, this agreement includes production of 84 new aircraft and the modernization of 70 existing aircraft as well as munitions, spare parts, training, maintenance and logistics,” the White House’s principal deputy press secretary, Josh Earnest, said in an e-mailed statement. The jets “are among the most sophisticated and capable aircraft in the world,” he said.
The sale, signed on Christmas Eve in Riyadh, “will send a strong message to countries in the region that the United States is committed to security in the Gulf,” said Andrew Shapiro, assistant secretary of state for political-military affairs, at a State Department briefing announcing the deal’s completion.
The announcement came after Iran threatened to block the Strait of Hormuz, a major shipping channel for Persian Gulf oil, if economic sanctions are increased. The sanctions are aimed at stopping the Islamic Republic from acquiring a nuclear bomb. …more