US State Dept Okays Defence Sales

The U.S. State Department approved possible military sales to Italy, India, and Romania for a combined total of $965 million, the Pentagon said on Monday.

The potential sales are: India for MK 54 MOD 0 Lightweight Torpedoes for $175 million; Romania for sentinel radar systems for $110 million; and Italy for electronic attack mission system for $680 million, the Pentagon said in separate statements.

The principal contractor will be RTX Corp (RTX.N), opens new tab for the Romania sale and BAE Systems (BAES.L), opens new tab for the Italy sale.

Reuters/Shakirat Sadiq