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This sort of activity should certainly help the trade and current account balance.
Perhaps the fact the Gulf oil sheikdoms are arming themselves should give comfort to those short oil...
...Until one starts to think about exactly who they are trying to protect themselves from :eek: (now that Saddam is gone from the scene).
US plans $10.4bn Gulf missile sales
by Lynne Roberts and Reuters on Thursday, 06 December 2007
The Bush administration announced plans yesterday to sell advanced anti-missile systems to the United Arab Emirates and Kuwait with a combined potential value of nearly $10.4 billion.
The Pentagon told Congress the United Arab Emirates had asked about buying 288 Patriot Advanced Capability PAC-3 missiles and related gear worth up to $9 billion.
The prime contractors for the proposed sale would be Raytheon and Lockheed Martin, the Pentagon's Defense Security Cooperation Agency said in a notice to lawmakers dated Tuesday.
Kuwait said in October it planned to buy anti-missile Patriot systems from the US as part of a military aid package announced in July.
Washington said it would help Saudi Arabia and other Gulf states upgrade their missile defences and air forces and increase naval capabilities in a package that could reach $20 billion over ten years.
Bahrain arms itself with $43.6mn anti-missile system
Bahrain has installed a $43.6 million radar system from US arms firm Lockheed Martin to protect the kingdom against missile attacks.
The AN/TPS-59(V) 3B ballistic missile defence radar had passed final tests in Bahrain in August and was being deployed as part of surveillance of the kingdom's skies, Bahraini newspaper Gulf Daily News reported today.
"With the successful delivery of the AN/TPS-59(V)3B, Bahrain has added a vital asset to its existing command and control and missile defence systems," said Ray Dean, US Marine Corps project officer for the radar in Bahrain...
...US Republican Congressman Jim Walsh was quoted in the US as saying such advanced technology was necessary for the protection of Bahrain.
"Thanks to its strategic location and its status as headquarters of the US Navy's Fifth Fleet, Bahrain needs superior in-country defence systems," Walsh said.
"I'm pleased that, once again, Lockheed Martin products are ensuring the safety of an ally and making US troops more secure."
The US in July announced a plan to give more than $43 billion aid to Egypt, Israel, Saudi Arabia and other Gulf states in an attempt to bolster allies in the region against Iran and others.
http://static.arabianbusiness.com/50...missile-system
[Mubadala is one of the Abu Dhabi SWFs and MENA means Middle East and North Africa]
Mubadala: Flight - the path to profit
I heard Mubadala's striking deals at the Paris Air show?
You must be talking about the partnerships it announced with Lockheed Martin and Boeing?
So what do the deals entail?
Well, a Memorandum of Understanding (MOU) has been signed with US industrial major Lockheed Martin that will see both companies working together on various aerospace activities and projects in Abu Dhabi and across the MENA region.
And what will this partnership bring to Abu Dhabi?
Basically, the two parties will collaborate to address issues related to the sustainment, maintenance, repair and overhaul, engineering and technical support of military aircraft...
http://static.arabianbusiness.com/49...path-to-profit
Perhaps the fact the Gulf oil sheikdoms are arming themselves should give comfort to those short oil...
...Until one starts to think about exactly who they are trying to protect themselves from :eek: (now that Saddam is gone from the scene).
US plans $10.4bn Gulf missile sales
by Lynne Roberts and Reuters on Thursday, 06 December 2007
The Bush administration announced plans yesterday to sell advanced anti-missile systems to the United Arab Emirates and Kuwait with a combined potential value of nearly $10.4 billion.
The Pentagon told Congress the United Arab Emirates had asked about buying 288 Patriot Advanced Capability PAC-3 missiles and related gear worth up to $9 billion.
The prime contractors for the proposed sale would be Raytheon and Lockheed Martin, the Pentagon's Defense Security Cooperation Agency said in a notice to lawmakers dated Tuesday.
Kuwait said in October it planned to buy anti-missile Patriot systems from the US as part of a military aid package announced in July.
Washington said it would help Saudi Arabia and other Gulf states upgrade their missile defences and air forces and increase naval capabilities in a package that could reach $20 billion over ten years.
Bahrain arms itself with $43.6mn anti-missile system
Bahrain has installed a $43.6 million radar system from US arms firm Lockheed Martin to protect the kingdom against missile attacks.
The AN/TPS-59(V) 3B ballistic missile defence radar had passed final tests in Bahrain in August and was being deployed as part of surveillance of the kingdom's skies, Bahraini newspaper Gulf Daily News reported today.
"With the successful delivery of the AN/TPS-59(V)3B, Bahrain has added a vital asset to its existing command and control and missile defence systems," said Ray Dean, US Marine Corps project officer for the radar in Bahrain...
...US Republican Congressman Jim Walsh was quoted in the US as saying such advanced technology was necessary for the protection of Bahrain.
"Thanks to its strategic location and its status as headquarters of the US Navy's Fifth Fleet, Bahrain needs superior in-country defence systems," Walsh said.
"I'm pleased that, once again, Lockheed Martin products are ensuring the safety of an ally and making US troops more secure."
The US in July announced a plan to give more than $43 billion aid to Egypt, Israel, Saudi Arabia and other Gulf states in an attempt to bolster allies in the region against Iran and others.
http://static.arabianbusiness.com/50...missile-system
[Mubadala is one of the Abu Dhabi SWFs and MENA means Middle East and North Africa]
Mubadala: Flight - the path to profit
I heard Mubadala's striking deals at the Paris Air show?
You must be talking about the partnerships it announced with Lockheed Martin and Boeing?
So what do the deals entail?
Well, a Memorandum of Understanding (MOU) has been signed with US industrial major Lockheed Martin that will see both companies working together on various aerospace activities and projects in Abu Dhabi and across the MENA region.
And what will this partnership bring to Abu Dhabi?
Basically, the two parties will collaborate to address issues related to the sustainment, maintenance, repair and overhaul, engineering and technical support of military aircraft...
http://static.arabianbusiness.com/49...path-to-profit
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