>> This is a $110 billion worth of military.>> When President Trump mentions the $110 billion arms deal negotiated with Saudi Arabia last year, he quickly follows up by saying that it will create hundreds of thousands of jobs.>> 600,000 jobs, maybe more than that. I think it's over a million jobs.
It's 450,000 jobs. I think that's over a million jobs, a million to over a million jobs. Which means 600,000 jobs.>> But according to an exclusive Reuters report, an internal document from Lockheed Martin, one of the major defense companies involved in this deal, forecast fewer than 1,000 new positions would be created in the US.
On the other hand, nearly 10,000 new jobs would be created in Saudi Arabia. Trump's mega jobs figure has been greeted with widespread skepticism given the five biggest US defense contractors who make nearly every item on the Saudi list, currently employ 383,000 people. But the deal is expected to help retain jobs for as many as 40,000 existing US defense industry workers who would be involved in Saudi bound production.
But the future of the $110 billion arms package is now in jeopardy after the killing of Washington Post columnist Jamal Kashogee at the Saudi counsel in Istanbul in October, which has provoked international outrage. Trump was slow to denounce Saudi leadership over the killing. As critics believe, he did not want to endanger the massive arms deal.