00:00It's Benzinga bringing Wall Street to Main Street
00:02The Trump administration approved the potential $24.3 billion sale of 48 F-35 fighter jets to
00:09Saudi Arabia as the kingdom faces intensified attacks from Iran-backed Houthis in Yemen,
00:14according to CNBC. The package includes 49 Pratt & Whitney engines and other parts.
00:18The State Department said the proposed sale would strengthen U.S. national security by
00:23improving the security of a major non-NATO ally in the Gulf. Congress has 30 days to review or
00:28attempt to block the deal. Representative Raja Krishnamoorthy, Democrat of Illinois,
00:33raised concerns that the sale could expose advanced U.S. military technology to China.
00:37The White House announced last year that Saudi Arabia had committed to invest $600 billion
00:41in U.S. deals, including nearly $142 billion in defense sales involving more than a dozen
00:47American defense companies. For all things money, visit Benzinga.com.
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