A visitor passes the Raytheon Technologies Corporation (RTX) logo at Le Bourget Airport near Paris, France, on 22 June 2023 (Reuters)
A major US weapons maker called off a multibillion-dollar deal over their Saudi partner’s alleged collaboration with Russian and Chinese companies
US weapons maker RTX, formerly known as Raytheon Technologies, scrubbed a multibillion deal with Saudi firm Scopa Defense earlier this year over “concerns” that the latter was pursuing business with sanctioned Russian and Chinese companies, according to people familiar with the deal that spoke with the Wall Street Journal (WSJ).
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Update #1: Saudi-US arms deal called off over ties to sanctioned Russian, Chinese firms: Report (Middle East Eye)
Update #2: US arms maker cancels deal with Saudi firm over alleged ties to Russia, China: Report (Press TV)
WNU Editor: This deal involved installing radars and multiple air defense systems in Saudi Arabia with an investment of $25 billion in the kingdom and $17 worth of sales.