Merkel 'pushes for $1.9B patrol boat deal with Saudi Arabia'

Beirut, Lebanon (UPI) Feb 4, 2013 German Chancellor Angela Merkel's new coalition government is reported to be pushing hard to nail down a $1.9 billion contract with Saudi Arabia for 100 patrol boats expected to be built by the Lurssen shipyard of Bremen. The German news magazine Der Spiegel reported Monday that the deal came to light in a "classified letter" to the German parliament's Budget ...

News source: Yahoo! News

Related news: Saudi Arabia tops UK as fourth largest defence spender-report