VOL. XXXVII

NO. 16

17-JANUARY-1994

Financial and Banking News

Regional Financing

Saudi Arabia Asks To Postpone Some US Defense Payments

Saudi Arabia has asked US defense contractors to restructure the schedule for$10bn in payments due over the next two years. Five companies - McDonnellDouglas, General Dynamics, FMC, Raytheon and the Hughes Aircraft Division ofGeneral Motors - have already offered new payment schedules. Referring to ameeting with the defense manufacturers, the Saudi Ambassador to...