Qatar to Spend $406 Million on Rocket Launchers

On Monday, the U.S. Defense Security Cooperation Agency announced that it has notified Congress of a possible Foreign Military Sale to the government of Qatar. If approved by Congress, prime contractor Lockheed Martin (NYSE: LMT  ) will coordinate the sale to Qatar of a series of rocket and missile systems from multiple manufacturers, along with "associated equipment, parts, training, and logistical support."

Among other equipment, Qatar has asked to buy four Humvees manufactured by AM General, seven M142 High Mobility Artillery Rocket Systems manufactured by BAE Systems, and 600 rockets of various sorts and ranges, mostly manufactured by Lockheed itself. The estimated cost of all this and related equipment, along with logistical, repair, and other services, is $406 million.


Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2168336, ~/Articles/ArticleHandler.aspx, 12/25/2014 2:59:51 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement