UAE Plans To Reportedly Push Trump On F-35 Deal If He Returns To White House
Portfolio Pulse from Benzinga Neuro
The UAE plans to revive a $23 billion deal for F-35 jets and drones with the U.S. if Donald Trump returns to the presidency. The deal, initially approved by Trump, was stalled under Biden due to disagreements, including the UAE's use of Huawei technology.
September 13, 2024 | 11:09 am
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Lockheed Martin's $23 billion deal to supply F-35 jets to the UAE could be revived if Trump is re-elected. The deal was stalled under Biden due to regulatory issues, including the UAE's use of Huawei technology.
The potential revival of the F-35 deal is significant for Lockheed Martin as it represents a substantial contract. The deal was initially approved by Trump but faced regulatory challenges under Biden, particularly concerning the UAE's use of Huawei technology. A Trump re-election could remove these hurdles, positively impacting LMT's stock.
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