Earlier this week, the U.S. department of defense awarded lockheed Martin (NYSE: ending) $253 million, to provide training equipment, in order to help the royal Saudi air force pilots learn how to fly dozens of new Boeing co. (the New York stock exchange code: BA) f-15 sa fighter jets, as a country in the history of the world's biggest arms sales part of the purchase. However, if the deal sounds a bit insulted - recruiting lockheed training pilots to fly its biggest competitor - then Thursday's news just add injury to insult.
On Thursday, the pentagon announced that it lose more than $456 million of Boeing's original contract, to establish a new, upgraded old, Saudi Arabia of f-15 fighters. Originally, Boeing has received $4 billion sale of 84 new f-15 sa Saudi fighter jets, and upgrade 70 aircraft f-15 sa configuration. Thursday's "prize", however, reduce the value of this contract to the "no more than $35 billion.
No explanation.
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