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...
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