December 29th, 2011
11:52 AM ET
The U.S. government is selling Saudi Arabia approximately $30 billion worth of F-15 combat jets, according to a statement from the Obama administration.
Here's the announcement from the White House:
The United States and the Kingdom of Saudi Arabia have signed a government-to-government agreement under the Foreign Military Sales program to provide advanced F-15SA combat aircraft to the Royal Saudi Air Force.
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. These F-15SA aircraft, manufactured by The Boeing Company, are among the most sophisticated and capable aircraft in the world.
This agreement will positively impact the U.S. economy and further advances the president's commitment to create jobs by increasing exports. According to industry experts, this agreement will support more than 50,000 American jobs, engaging 600 suppliers in 44 states, and providing $3.5 billion in annual economic impact to theU.S.economy.
This agreement reinforces the strong and enduring relationship between the United States and Saudi Arabia, and demonstrates theU.S.commitment to a strong Saudi defense capability as a key component to regional security.
Statement by Principal Deputy Press Secretary Joshua Earnest