Trump Signs F-35 Deal With Saudis: Defense ETFs to Gain, Beyond Lockheed

U.S. President Donald Trump has approved a major defense sale package, including future F-35 deliveries, with Saudi Arabia, a long-standing, non-NATO ally of the United States (as per a recent press release from White House). This decision should effectively boost the growth prospects of Lockheed Martin (LMT) , the prime contractor for the F-35 program, while also making Saudi Arabia the first Middle Eastern nation besides Israel to acquire this advanced aircraft.This agreement, which also includes the sale ...