Saudi signs offer for closing $15 bln THAAD missile deal with US: report

Saudi Arabia has signed a letter of offer and acceptance with the United States for Lockheed Martin’s terminal high altitude area defense (THAAD) missile system, CNBC reported, citing a State Department spokesperson.

Earlier this week, Saudi officials signed the crucial government-to-government agreement for the massive sale of 44 THAAD launchers, missiles and related equipment, the report added.

The US government had approved the sale to Saudi Arabia of its advanced THAAD missile defence system for $15 billion in October last year.

Manufactured by Lockheed Martin, THAAD is regarded as the most capable defensive missile batteries in the US arsenal and comes equipped with an advanced radar system.