Industry: Potential $20 Billion U.S. Naval Sale to Saudi Arabia Picking Up Steam
http://news.usni.org/2015/02/19/industry-potential-20-billion-u-s-naval-sale-to-saudi-arabia-picking-up-steam
Chief of Naval Operations (CNO) Adm. Jonathan Greenert meets with heads of the Royal Saudi Naval Forces (RSNF) in 2013.
Industry: Potential $20 Billion U.S. Naval Sale to Saudi Arabia Picking Up Steam
By: Sam LaGrone
February 19, 2015 4:11 PM
The $20 billion dollar recapitalization of Saudi Arabias eastern fleet is beginning to pick up steam again after several years of being a dormant U.S. Foreign Military Sales (FMS) program, several U.S. shipbuilding industry officials have told USNI News.
The FMS case for the replacement of the Royal Saudi Navys Eastern Fleet of aging American warships Saudi Naval Expansion Program II (SNEP II) has been languishing for years as the Saudis and Americans negotiate the requirements for the ships.
But several industry officials have told USNI News there maybe some movement toward finalizing requirements for the ship deal that would be a welcome boon to U.S. shipbuilders faced with tight Pentagon budgets.
It does seem to me that there seems to be some renewed interest in moving forward and (creating) a more realistic view of requirements that would be more suitable to their navy and the areas that they operate, Dale P. Bennett, executive vice president of Lockheed Martins Mission Systems and Training (MST), told USNI News during an interview on Wednesday.
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