US Approves $24.3B F-35 Sale to Saudi Arabia, Boosting Defense Sector

The U.S. State Department has approved a potential $24.3 billion foreign military sale of 48 F-35 Lightning II fighter jets to Saudi Arabia 🔗. This significant deal aims to bolster Saudi Arabia's air capabilities and interoperability with U.S. and allied forces. Principal contractors include Lockheed Martin Aeronautics and Pratt & Whitney Military Engines 🔗.

This approval is a major geopolitical and defense sector development, signaling continued U.S. support for Saudi security objectives and potentially benefiting key defense contractors.