The U.S. State Department approved over $16 billion in potential Foreign Military Sales to the UAE, Kuwait, and Jordan. Officials authorized the deals on March 19. The State Department announced the approvals on March 20.
The UAE requested $1.22 billion for Advanced Medium-Range Air-to-Air Missiles (AMRAAMs). A separate $644 million package covers UAE F-16 munitions and upgrades.
The regional package includes precision-guided munitions, missile defense radars, and counter-drone systems. These sales aim to bolster defensive capabilities amid heightened Middle East tensions.
The approvals establish a significant future revenue stream for major U.S. aerospace and defense firms. This development likely boosts investor sentiment for companies tracked by the XAR ETF.