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Congress to approve Finnish military sale worth $170 million


Congress to approve Finnish military sale worth 0 million

Congress to approve Finnish military sale worth $170 million

The Defense Security Cooperation Agency informed Congress (link opens in PDF format) on Thursday of plans to conduct a $170 million military sale of equipment and support services to Finland as part of the Finnish F-18 Mid-Life Upgrade Program.

According to DSCA, contractors, including Raytheon , Lockheed Martin , Boeing , General Electrics And General dynamics will participate in the provision of the requested services and equipment, which includes:

  • 69 KIV-78 Friend or Foe Identification Systems.

  • 69 combined interrogator/transponder devices AN/APX-11-30.

  • 32 SUU-63 payload pylons.

  • An unspecified number of multifunctional information distribution systems.

Also included in the proposed order are upgrades to software testing and integration centers, flight test services, support and test equipment, technical documentation, personnel training and various spare parts.

According to DSCA, the sale will “contribute to the foreign policy and national security of the United States by helping to enhance the security of a friendly country that has been and continues to be a major force for political stability and economic progress in Europe. The Finnish Air Force (FAF) intends to purchase the MLU program equipment to extend the service life of its F-18 fighter aircraft and improve their survivability and communications connectivity.”

The DSCA also assures Congress that the proposed sale “will not alter the fundamental military balance in the region” and that there will be no “adverse impact on U.S. defense readiness as a result of the proposed sale.”

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The article “Congress to approve $170 million Finnish military sale” originally appeared on Fool.com.

Fool contributor Rich Smith does not own any of the stocks mentioned. The Motley Fool owns shares of General Dynamics, General Electric Company, Lockheed Martin, and Raytheon Company. Try any of our Foolish newsletter services free for 30 days. We Fools may not all agree, but we all believe that considering a broad range of insights makes us better investors. The Motley Fool has a disclosure policy.

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