Sale of 4,000 U.S. Missiles to Iraq Is Readied
http://www.bloomberg.com/news/2014-07-01/sale-of-4-000-u-s-missiles-to-iraq-said-to-be-readied.html
The State Department has told lawmakers informally that the Obama administration wants to sell Iraq more than 4,000 additional Hellfire missiles for the governments fight against Islamic insurgents, according to people familiar with the plan.
Sale of the laser-guided missiles made by Lockheed Martin Corp. (LMT) would be in addition to 500 previously purchased, of which about 400 have been delivered.
The U.S. has pledged military aid to Iraq in its fight against the Islamic State, an extremist Sunni group thats seized a swath of territory north and west of Baghdad. Iraqs ambassador to the U.S., Lukman Faily, said yesterday in Washington that weapons have been too slow in coming and further delay only benefits the terrorists.
Members of the Senate and House foreign relations committees were informed of the planned sales last week and are conducting an informal review of the potential sale that could last as long as 40 days, according to the people, who asked not to be identified in advance of a public notification. That notice would be issued unless lawmakers voice major reservations.