Congress Asked to Approve Lakota Helo Sale to Thailand
Jun 20th 2013 8:07PM
Updated Jun 20th 2013 8:08PM
The Defense Security Cooperation Agency notified Congress [link opens in PDF] Thursday of plans to conduct a Foreign Military Sale of 6 UH-72A Lakota Helicopters "and associated equipment, parts, training and logistical support" to the Government of Thailand.
According to the DSCA, European defense contractor EADS's North American division will be prime contractor on this sale, which is valued at $77 million.
The DSCA justifies the sale by saying it will "contribute to the foreign policy and national security of the United States, by helping to improve the security of a friendly country which has been, and continues to be, an important force for political stability and economic progress in Southeast Asia."
The DSCA further assures Congress that "the proposed sale of this support will not alter the basic military balance in the region," nor will there be any "adverse impact on U.S. defense readiness as a result of this proposed sale."
The article Congress Asked to Approve Lakota Helo Sale to Thailand originally appeared on Fool.com.Fool contributor Rich Smith has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.