Congress May Approve $200 Million in F-18 Upgrades for Kuwait

The Defense Security Cooperation Agency notified Congress (link opens in PDF) on Monday of plans to conduct a Foreign Military "Sale" of technical and logistics support services for F/A-18 C/D fighter jets to the government of Kuwait.

According to the DSCA, contractors General Dynamics (NYSE: GD  ) , Boeing (NYSE: BA  ) , and Wyle Laboratories are in line to perform avionics software upgrades and engine component improvements and to sell ground support equipment, spare parts, technical documentation, and other "technical and logistics support services" to Kuwait for an estimated $200 million.

The DSCA justifies the "sale" by saying it will "contribute to the foreign policy and national security of the United States by helping to improve the security of a friendly country which has been, and continues to be, an important force for political stability and economic progress in the Middle East."

The DSCA further assures Congress that "the proposed sale of this support will not alter the basic military balance in the region," nor will there be any "adverse impact on U.S. defense readiness as a result of this proposed sale."


Read/Post Comments (1) | 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.

Add your comment.

DocumentId: 2481831, ~/Articles/ArticleHandler.aspx, 4/18/2014 5:38:00 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