• Home
  • News
  • Fortune 500
  • Tech
  • Finance
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
Saudi Arabia

U.S. Signs $15 Billion Saudi Arms Deal, Despite Human Rights Concerns

By
Lucas Laursen
Lucas Laursen
Down Arrow Button Icon
By
Lucas Laursen
Lucas Laursen
Down Arrow Button Icon
November 29, 2018, 7:29 AM ET

Saudi Arabia will buy $15 billion worth of American missiles and arms, the U.S. Department of State said Wednesday. The two countries signed letters of offer and acceptance documents on Monday, MSNBC reports.

The deal covers 44 Lockheed Terminal High Altitude Area Defense (THAAD) ground launchers, missiles and related equipment and dates to 2016. The missiles could help shield Saudi Arabia from Iranian ballistic missiles.

The U.S. Congress approved the purchase in 2017 before Saudi agents murdered journalist Jamal Kashoggi. Since then Germany and other American allies have suspended arms sales to Saudi Arabia, which is also prosecuting a war in Yemen that has bombed, starved, and killed by disease enough people to stall global progress on eliminating poverty.

U.S. Senator Lindsey Graham said Monday that the U.S. should punish Saudi Crown Prince Mohammed bin Salman if the intelligence community concludes that he’s responsible for the murder. Earlier this month, the Washington Post reported that the Central Intelligence Agency had indeed concluded that bin Salman was responsible.

Last year Saudi Arabia bought $3.4 billion worth of arms from the U.S. In the five years leading up to and including 2017, Saudi Arabia bought about 18% of U.S. arms exports.

About the Author
By Lucas Laursen
See full bioRight Arrow Button Icon
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
  • Leadership
  • Success
  • Tech
  • Asia
  • Europe
  • Environment
  • Fortune Crypto
  • Health
  • Retail
  • Lifestyle
  • Politics
  • Newsletters
  • Magazine
  • Features
  • Commentary
  • Mpw
  • CEO Initiative
  • Conferences
  • Personal Finance
  • 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
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map

© 2025 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.