Saudi Arabia Signs Tank Deal: Saudi Arabia...
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Saudi Arabia Signs Tank Deal: Saudi Arabia has signed a $3.1-billion deal to buy 315 M-1A2 tanks and support equipment from General Dynamics Corp. The Pentagon said the deal, which was approved by Congress last year but has been awaiting a final Saudi go-ahead, was signed Sunday. It will provide a major financial boost for the big U.S. defense firm. The U.S. Army decided last year not to buy any more M-1 tanks, and officials at General Dynamics said the Saudi deal would allow the firm to keep open at least one of its two plants--the one at Lima, Ohio--and perhaps its second plant at Warren, Mich.
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