Recs

3

Qatar Orders 500 U.S. Javelin Anti-Tank Missiles

Don't let it get away!

Keep track of the stocks that matter to you.

Help yourself with the Fool's FREE and easy new watchlist service today.

Last week, just before America broke for the long weekend, the Defense Security Cooperation Agency announced (link opens a PDF) that it has notified Congress of plans to make a "foreign military sale" to Qatar of 500 FGM-148 Javelin Guided Missiles. Including the cost of accessories, spare parts, training, and logistical support, the deal is estimated to be worth $122 million to the weapons' manufacturers, Raytheon (NYSE: RTN  ) and Lockheed Martin (NYSE: LMT  ) .

Justifying the sale, DSCA advised Congress that "this proposed sale ... [will] improve the security of an important partner which has been, and continues to be, a force for political stability and economic progress in the Middle East." Importantly, DSCA argued, the sale will also "provide greater security for [Qatar's] critical oil and natural gas infrastructure."

At the same time, the agency assured Congress that the sale of these missiles, designed primarily as an anti-tank weapon but also useful for attacking buildings and even low-flying helicopters, "will not alter the basic military balance in the region."

At this time, the sale is still considered "potential" and has not yet been concluded.


Read/Post Comments (0) | Recommend This Article (3)

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: 2340554, ~/Articles/ArticleHandler.aspx, 8/3/2015 7:23:25 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...

Rich Smith
TMFDitty

As a defense writer for The Motley Fool, I focus on defense and aerospace stocks. My job? Every day of the week, I'm monitoring the news, figuring out the winners and losers, and tracking down the promising companies for you to invest in. Follow me on Twitter or Facebook for the most important developments in defense & aerospace, and other great stories.

Today's Market

updated Moments ago Sponsored by:
DOW 17,598.20 -91.66 -0.52%
S&P 500 2,098.04 -5.80 -0.28%
NASD 5,115.38 -12.90 -0.25%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

8/3/2015 4:02 PM
LMT $207.79 Up +0.69 +0.33%
Lockheed Martin Co… CAPS Rating: ****
RTN $108.90 Down -0.19 -0.17%
Raytheon Company CAPS Rating: *****

Advertisement