• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

U.S. plans $11 billion sale of combat ships to Saudi Arabia

By
Claire Groden
Claire Groden
Down Arrow Button Icon
By
Claire Groden
Claire Groden
Down Arrow Button Icon
October 20, 2015, 1:04 PM ET
USS Independence
KEY WEST, FL - MARCH 29: In this photo provided by the U.S. Navy, the Navy's newest littoral combat ship USS Independence (LCS-2) arrives at Mole Pier March 29, 2010 at Naval Air Station Key West in Key West, Florida. Independence is on the way to Norfolk, Va., for commencement of initial testing and evaluation of the aluminum vessel before sailing to its homeport in San Diego. Independence is a fast, agile, mission-focused ship specifically designed to defeat "anti-access" threats in shallow, coastal water regions, including surface craft, diesel submarines and mines. (Photo by Nicholas Kontodiakos/U.S. Navy via Getty Images)Photograph by U.S. Navy/Getty Images

The Pentagon has notified Congress of its plan to sell up to four Littoral Combat Ships to Saudi Arabia for $11.25 billion, according to Bloomberg.

The planned sale of these small vessels, which are designed to operate in coastal waters, would begin to make good on President Obama’s promise to beef up the military capabilities of U.S. allies in the Middle East. The Gulf Cooperation Council–composed of Saudi Arabia, Bahrain, Qatar, Kuwait, Oman and the United Arab Emirates–agreed to support the Iran nuclear deal in August after U.S. officials sweetened the deal with offers of increased arms sales and assistance. In addition to the expected combat ship sale, the United States has been in talks with the GCC on other security guarantees and points of coordination.

Iran’s neighbors are concerned that the lifting of sanctions on the Islamic Republic would do little to impede Iran’s pursuit of nuclear weapons, while facilitating the modernization of its supply of conventional weapons. And as Gulf Arab states contend with threats from ISIS and sectarian violence spilling out from Syria, the Iran deal is only the cherry on top of a heap of reasons to buy up arms. Many American defense contractors are getting ready for a business boom as Arab countries spend record amounts on arms deals. Last year, Saudi Arabia spent a record $80 billion on weaponry–more than either Britain or France.

Congress now has an opportunity to block the sale.

 

About the Author
By Claire Groden
See full bioRight Arrow Button Icon

Latest in

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map
Fortune Secondary Logo
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in

NewslettersCEO Daily
A U.K.-based sustainability initiative is drawing U.S. CEOs like BoA’s Brian Moynihan: ‘We’ve got to make this happen the right way’
By Kamal AhmedMarch 12, 2026
2 minutes ago
Personal FinanceSavings accounts
Today’s top high-yield savings rates: Up to 5.00% on March 12, 2026
By Glen Luke FlanaganMarch 12, 2026
18 minutes ago
Personal FinanceCertificates of Deposit (CDs)
Top CD rates today, March 12, 2026: Lock in up to up to 4.30%
By Glen Luke FlanaganMarch 12, 2026
18 minutes ago
A mother works on her computer on a couch with her child in the background.
Workplace CultureWomen
$683 billion in unpaid labor: How companies like Amazon, AARP, and Levi’s are easing the caregiving burden on women
By Jacqueline MunisMarch 12, 2026
2 hours ago
Personal FinanceReal Estate
Current ARM mortgage rates report for March 12, 2026
By Glen Luke FlanaganMarch 12, 2026
3 hours ago
Personal FinanceReal Estate
Current refi mortgage rates report for March 12, 2026
By Glen Luke FlanaganMarch 12, 2026
3 hours ago

Most Popular

placeholder alt text
Economy
'This cannot be sustainable': The U.S. borrowed $50 billion a week for the past five months, the CBO says
By Eleanor PringleMarch 10, 2026
2 days ago
placeholder alt text
AI
'Proceed with caution': Elon Musk offers warning after Amazon reportedly held mandatory meeting to address 'high blast radius' AI-related incident
By Sasha RogelbergMarch 11, 2026
14 hours ago
placeholder alt text
Big Tech
Big tech has defeated everything for 30 years, but for the first time faces something it can't control: a jury
By Carolina Rossini and The ConversationMarch 10, 2026
2 days ago
placeholder alt text
Future of Work
Shark Tank's Kevin O'Leary doesn't care if you work from your basement. He just wants to know if you can ‘execute’
By Marco Quiroz-GutierrezMarch 10, 2026
2 days ago
placeholder alt text
Personal Finance
Retirees wait for the day they can sell their homes and cash in—but there's a secret Medicare 'trap' that could stop them in their tracks
By Sydney LakeMarch 11, 2026
1 day ago
placeholder alt text
Commentary
How the ultrawealthy use smartphone apps to avoid millions in taxes
By Jose AtilesMarch 11, 2026
1 day ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.