The Trump administration's "$110 billion arms deal" with Saudi Arabia announced last month is far from done — as in, the arrangement largely isn't really even a deal yet.
And it seems to have echoes of the blaring announcements that President Trump has made in months past, in which companies' already-existing plans to create jobs get recast as massive breakthroughs.
But after days of few specifics, at least now we know what the likes of Lockheed Martin (LMT), Boeing (BA) and Raytheon (RTN) could get from any actual agreement.
Among the big-ticket items on Saudi Arabia's long wish list, Lockheed could be set to gain $13.5 billion on the potential sale of seven Terminal High Altitude Area Defense missile systems, with delivery of the THAAD systems set for between 2023-2026, according to a White House document obtained by Defense News.
Raytheon could get $6.65 billion for "enhancements" to Saudi Arabia's Patriot anti-missile system. Raytheon, along with Boeing, could also be in line for $4.46 billion for 104,000 air-to-ground munitions.
Other potential sales outlined by the White House document include $5.8 billion to Lockheed for three new KC-130J and 20 C-130J aircraft, with deliveries beginning in 2022. Boeing could also get $6.25 billion in an eight-year "sustainment deal" for Saudi Arabia's F-15s.
Shares of Lockheed closed down 0.2% on the stock market today, Boeing rose less than 0.1%, and Raytheon added 0.3%. All three stocks are still in buy range.
But those weapons and figures, Defense News said Thursday, amount to potential sales, or "memos of intent," that were offered to the kingdom during Trump's visit. Any actual arms sale has to get the OK from the State Department and then Congress.
Much of the arrangement announced last month is made up of similar "intended sales" of things that the U.S. believes the Saudis will eventually want, the Brookings Institution notes. All of the deals that have been revealed so far, Brookings said, started during President Obama's tenure.
RELATED:
Why The Air Force Is Less Upbeat Than Boeing On Tanker Delivery
Air Force Sees Another Boeing Tanker Delay Ahead Of Key Review
