The government of British Prime Minister Tony Blair has pledged to cover the financial risk of a proposed weapons contract for Saudi Arabia.
British officials said the Blair government has agreed to offer risk credit of nearly $500 million to implement a proposed weapons deal for the Saudi kingdom. The weapons deal being proposed by BAe Systems has been estimated at more than $2.5 billion and includes the sale of new aircraft platforms for Riyad's air force
British officials said the Blair government has agreed to offer risk credit of nearly $500 million to implement a proposed weapons deal for the Saudi kingdom. The weapons deal being proposed by BAe Systems has been estimated at more than $2.5 billion and includes the sale of new aircraft platforms for Riyad's air force