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[–]captainramen🇺🇸🛠️ MAGA Communist 🛠️🇺🇸 3 insightful - 1 fun3 insightful - 0 fun4 insightful - 1 fun -  (0 children)

In 2022, RTX and Scopa signed a memorandum of understanding to build a factory in the kingdom for air defense systems to protect Riyadh from airstrikes. The plan reportedly called for installing radars and multiple air defense systems with an investment of $25 billion in the kingdom and $17 worth of sales.

Yeah, this is why the deal fell apart. KSA now knows for sure that 'Raytheon' and 'missile defense' are mutually exclusive.

There's going to be a downside for us of course. Petrodollars have to go somewhere, and if they're not used to buy things they will be used to buy assets. The asset bubble will go on a bit longer I'm afraid