(NSI News Source Info) TORONTO, Canada - September 21, 2010: The Arab states of the Gulf have embarked on one of the largest re-armament exercises in peacetime history, ordering US weapons worth some $123bn as they seek to counter Iran’s military power. A package of US arms worth more than $67bn for Saudi Arabia accounts for the largest single component of this military build-up, providing a huge boost to the American defence industry.The first phase of this agreement – soon to go before the US Congress for approval – is estimated at about $30bn.
Anthony Cordesman, from the Centre for Strategic and International Studies in Washington, said that the US was aiming to achieve a “new post-Iraq war security structure that can secure the flow of energy exports to the global economy”.
The arms sales would “reinforce the level of regional deterrence and help reduce the size of forces the US must deploy in the region”.
The purchase of new weaponry comes at a time when many countries in the Middle East, home to two-thirds of the world’s proven oil reserves, are alarmed by Iran’s nuclear ambitions.
They also fear that any Israeli or US military strike on Iranian nuclear facilities could provoke retaliation against them, or disrupt the flow of oil through the Strait of Hormuz.
Saudi Arabia will receive 85 new F-15 jet fighters and another 70 will be upgraded. Boeing will be the principal supplier, allowing the US company to strengthen its ability to manufacture advanced military jets, an area where it has been slipping under competitive pressure. A successor agreement is expected to provide for the upgrade of radar and missile defence systems and an ambitious modernisation of the Saudi Navy’s eastern fleet.
http://defense-technologynews.blogspot.com/2010/09/dtn-news-gulf-states-in-123-billion-us.html
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