Saudi Arabia, U.S. near deal for two Lockheed warships: sources
WASHINGTON (Reuters) - Saudi Arabia is in advanced discussions with the U.S. government about buying two frigates based on a coastal warship that Lockheed Martin Corp is building for the U.S. Navy, and could reach agreement by the end of the year, according to sources familiar with the talks. The frigate sale, valued at well over $1 billion, will be the cornerstone of a long-delayed multi billion dollar modernization of the Royal Saudi Navy’s Gulf-patroling eastern fleet of aging U.S. warships and would include smaller patrol boats. It ...
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