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The US Defense Department on Wednesday announced the approval of a potential $6.35 billion sale of 24 C-130J-30 transport aircraft and other equipment to Australia. online news
“The proposed sale will improve Australia’s capability to meet current and future threats by providing the Royal Australian Air Force with replacements for its aging cargo fleet, guaranteeing a reliable airlift capability,” the Pentagon said in a statement.
The US State Department approved the possible sale, and the Defense Security Cooperation Agency on Wednesday provided the required notification to Congress.
Lawmakers need to sign off on the transaction, but that is likely to be a formality in this case.
“This proposed sale will support the foreign policy and national security objectives of the United States,” the Defense Department statement said, adding that “Australia is one of our most important allies in the Western Pacific.”
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Notes from APS Radio News
According to Wikipedia,
“Immediately after retiring as CENTCOM Commander, Austin joined the board of Raytheon Technologies, a military contractor, in April 2016. As of October 2020, his Raytheon stock holdings were worth roughly $500,000 and his compensation, including stock, totaled $2.7 million. On September 18, 2017, he was appointed to Nucor’s board of directors. On May 29, 2018, Austin was appointed as an independent director on the board of Tenet Healthcare. He also operates a consulting firm and has been a partner at Pine Island Capital, an investment company with which Secretary of State Antony Blinken and Michèle Flournoy are affiliated.”
Also, according to Wikipedia, Raytheon & Lockheed have engaged in joint projects, for example, the Javelin Joint Venture.
Since the war in Ukraine began, the US has spent over $100 billion in that country.
