Lockheed Martin Wins Saudi Support Contract For F-15 Sniper Targeting System, Radars

Lockheed Martin has won a $262.8 million contract from the US Air Force to service Saudi Arabia's F-15 sniper targeting system and radars that allow for day and night low-level navigation.

The deal announced Monday follows as Saudi Arabia leads a war in Yemen as the nation is part of the US-led coalition bombing the Islamic State group in Syria. It is the first major deal announced at the biennial Dubai Airshow, which will run until Thursday.

Compared with the previous airshow in 2013, which included announcements of $140 billion in Boeing and Airbus orders, this year's show has been largely a chance for major Gulf carriers to exhibit their new planes and for international businesses to meet potential aviation and aerospace clients in the region.