Bush plans $5 billion arms sale to Pakistan

Posted on: Jul. 4th, 2006 || Source: today.reuters.com | E-mail Article | Print Article

WASHINGTON, July 3 (Reuters) - The Bush Administration said on Monday that it planned to sell Pakistan up to 36 advanced F-16 fighter jets built by Lockheed Martin Corp.(LMT.N: Quote, Profile, Research) in a weapons package that could be worth more than $5 billion.

The proposed sale of 18 new "Fighting Falcon" fighters with an option for 18 more demonstrates the United States' commitment to a long-term relationship with Pakistan, White House spokesman Tony Snow told reporters.

The State Department said it was part of a drive to broaden a strategic partnership with Pakistan and advance U.S. interests in South Asia.

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