Stimulus: Obama to Pitch $60B Saudi Arms Deal to Congress; Largest Arms Deal Ever

September 13th, 2010

You want Hope and Change? We got Hope and Change.

Step right up.

Via: Wall Street Journal:

The Obama administration is set to notify Congress of plans to offer advanced aircraft to Saudi Arabia worth up to $60 billion, the largest U.S. arms deal ever, and is in talks with the kingdom about potential naval and missile-defense upgrades that could be worth tens of billions of dollars more.

The administration plans to tout the $60 billion package as a major job creator—supporting at least 75,000 jobs, according to company estimates—and sees the sale of advanced fighter jets and military helicopters to key Middle Eastern ally Riyadh as part of a broader policy aimed at shoring up Arab allies against Iran.

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