WASHINGTON: Presidents come and go but arms deals are BIG BUSINESS and U.S. in final stages of $100 billion arms deal for Saudi Arabia Reuters reports today as spending racks up on defence spending #AceNewsDesk – @AceNewsServices

Ace News Services

#AceNewsReport – May.13: Mark down an early, if modest win for the military services and defence firms as today they are ready to rubber stamp another deal this time with Saudi Arabia for a cool $100-billion #AceNewsDesk reports

Fourteen months ago, the Obama administration’s 2017 budget request proposed to cut funding for buying new weapons by nearly 6 percent. Instead, Congress this week agreed a $593 billion defense-spending deal that will boost arms spending by 4 percent.

While Congress did not rubber-stamp all of the $15 billion for arms sought by the Trump administration in its own 2017 request in March, it did greenlight many of the items requested, including drones, helicopters, bombs, and missiles. All are in high demand in the war against Islamic State militants in Iraq and Syria.

Lawmakers also added billions of dollars for F-35s, ships, and helicopters that did not appear in either Trump’s…

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