Saudi Arabia has signed letter of offer for THAAD

A U.S. State Department spokesperson confirmed to CNBC that Saudi Arabia has signed a letter of offer and acceptance with the United States for Lockheed Martin’s THAAD air defense missile system.

A Terminal High Altitude Area Defense, or (THAAD) weapon system assigned to Task Force Talon, 94th Army Air and Missile Defense Command. Task Force Talon is responsible for the U.S. Army’s first forward deployed Terminal High Altitude Area Defense unit on Andersen Air Force Base, Guam, Oct. 26, 2017. (Photo by Army Capt. Adan Cazarez)

The government-to-government agreement was signed this week. The deal is worth around $15 billion and Saudi will eventually take delivery of 44 THAAD launchers, missiles and related equipment.

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