U.S. approves possible sale of $5.4 billion in missiles to Saudi Arabia

July 29, 2015 3:51 PM

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WASHINGTON The U.S. State Department has approved the possible sale to Saudi Arabia of $5.4 billion in additional PAC-3 missiles built by Lockheed Martin Corp, the Pentagon said on Wednesday.

The Defense Security Cooperation Agency said the sale would benefit a key U.S. partner in the Middle East. Notification to Congress was sent on Tuesday and follows a major nuclear deal with Iran. The missile sale approval could help reassure Saudi Arabia about the U.S. commitment to its security.

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