Patent registration is generally granted on a first-to-file [or first-to-invent, depending on the country], first-in-right basis.
In May 1995 the State Department acknowledged that the economic downturn in Saudi Arabia is undermining political stability in the sheikdom, as the Saudi government is cutting popular public subsidies for gas, electricity and water in an effort to redress the deficit. Lee Hamilton (D-IN), the State Department reported that "Tighter government budgets have reduced employment opportunities for young Saudis, frozen wages and slowed the private sector....
The short term economic downturn has colored popular perceptions of the governments financial management and sharpened the distinctions among the social groups. commercial successes has generated criticism of the U. in sectors of Saudi society which believe incorrectly that the U. has pressed the Saudi government to make unwanted or unneeded purchases," said the State Department. companies are responsible for Saudi economic problems." (For a copy of Rep.
In other words, Memorandums of Intent are nice, but don't represent real deals.
One source familiar with discussions around the package said the Defense Security Cooperation Agency could be clearing deals related to this package for the next "five to six years," and said about ten percent of the package were items that have already been cleared by DSCA and notified to Congress.
But while the deal was announced with much enthusiasm on both sides, the reality is that the package – stated to be $110 billion in arms sales, with a $350 billion potential over the next ten years – faces significant regulatory and Congressional hurdles before anything can get done.
While the weapons sales were announced as a package, each potential sale will have to go through the foreign military sales procedure individually.
Details about what is in the package remain thin, and likely will for some time.
The State Department claims the package includes 0 billion worth of defense capabilities "to be conveyed via Foreign Military Sales Letters of Offer and Acceptance and a Memorandum of Intent." That includes seven announced deals: That total represents just under billion worth of deals, although that number represents a cap and not a floor for negotiations on final price.
US President Donald Trump joins dancers with swords at a welcome ceremony ahead of a banquet at the Murabba Palace in Riyadh on May 20, 2017.