Saudi Arabia to buy $10bn of arms from US firm
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Saudi Arabia is buying 10 billion dollars worth of weapons from a Canadian subsidiary of an American arms maker. General Dynamics said on Friday that it secured the 14-year contract for its Canadian division to sell Riyadh military vehicles as well as training and support services with a value of 10 billion dollars. The vehicles will be produced by General Dynamics Land Systems-Canada (GDLS) in the southwestern city of London in Ontario. Meanwhile, Canadian International Trade Minister Ed Fast said in a statement that the deal was being made with Saudi Arabia. Other reports said the real value of the transaction would be 13 billion dollars. The Canadian minister championed the deal as a big success for Ottawa, saying that the "landmark contract" would sustain more than 3,000 jobs and boost over 500 companies across the country. "This is an Olympic win for Canada and for Canadian manufacturers," said Danny Deep, the vice president of GDLS, adding, "It shows how great people in truly innovative companies like GDLS can compete internationally and bring home the gold."