Congress reviewing sale of precision munitions to Saudis, UAE: sources [Reuters]
RAYTHEON CO (RTN)
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Source: Reuters
Congress reviewing sale of precision munitions to Saudis, UAE: sources | Reuters 3 Min Read WASHINGTON (Reuters) - The Trump administration, working to increase exports of U.S.-made weapons, has asked the U.S. Congress to review the sale of more than 120,000 precision-guided munitions to allies Saudi Arabia and the United Arab Emirates, sources said on Tuesday. President Donald Trump has thrown his political weight behind the arms export push to help job growth at home. Last year, his administration approved the sale of about $7 billion of the precision-guided weapons to Saudi Arabia. That deal raised concerns from some members of Congress over American weapons being used in the Saudi-led campaign against Houthi rebels in Yemen and the deaths of thousands of civilians there since March 2015. The value of the transactions under review now could not immediately be determined. Raytheon Co is the largest maker of the PGMs in the United States. A company official declined comment. Administ
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