Single largest arms deal in US history signed with Saudis for $110 billion and will be worth $350 billion over ten years

The U.S. has reached a $6 billion deal for Saudi Arabia to buy four Littoral Combat Ships made by Lockheed Martin in a package of major arms purchases as President Donald Trump travels to the kingdom, people familiar with the transaction said.

Defense stocks took off on Monday after President Donald Trump signed a nearly $110 billion weapons deal with Saudi Arabia. The deal will be worth $350 billion over 10 years.

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