Saudi, U.S. “remain in discussions about U.S. warship deal”January 13, 2016 - 08:32 AMT PanARMENIAN.Net - The United States and Saudi Arabia remain in discussions about the sale of four Lockheed Martin Corp warships and other equipment despite Riyadh's rejection of the initial U.S. offer, according to sources familiar with the matter, Reuters reports. Saudi Arabia, grappling with 12-year low oil prices, balked at both the price offered by the U.S. Navy for the four frigates, and the proposed seven-year timeframe for delivery of the first ship, said two of the sources, who were not authorized to speak publicly. The U.S. government in October approved the sale to Saudi Arabia of up to four Lockheed multi-mission warships valued at up to $4.3 billion, plus associated training, engineering and logistics, which would bring the total value of the deal up to $11.25 billion. The ships are based on the steel monohull-designed Littoral Combat Ship (LCS) that Lockheed is building for the Navy together with Italy's Fincantieri SpA. Lockheed declined comment on the deal since it is a government-to-government transaction. U.S. officials said they do not comment on ongoing arm sales negotiations. However, the sources said it was not unusual for arms sales to include some back-and-forth about price and schedule, and expressed confidence that an agreement would ultimately be reached. Some arms sales take years to negotiate. They said they did not believe Saudi's rejection of the initial offer was related to a flareup in tensions with Iran, or a memorandum by Defense Secretary Ash Carter ordering the Navy to truncate its own purchases of the LCS program and a more heavily armed frigate version at 40 ships instead of 52 ships. Top stories Authorities said a total of 192 Azerbaijani troops were killed and 511 were wounded during Azerbaijan’s offensive. In 2023, the Azerbaijani government will increase the country’s defense budget by more than 1.1 billion manats ($650 million). The bill, published on Monday, is designed to "eliminate the shortcomings of an unreasonably broad interpretation of the key concept of "compatriot". The earthquake caused a temporary blackout, damaged many buildings and closed a number of rural roads. Partner news | Cyprus parliament honors Armenian genocide victims Acting House President Zacharias Koulias noted that April 24 marks the “black anniversary” of the Armenian genocide. Armenia PM, France envoy discuss regional matters Issues related to the consistent development of Armenia-France cooperation were discussed. Azerbaijan razes historic Armenian church to ground Azerbaijan has demolished the historic Armenian Church of St. John the Baptist (known as Kanach Zham). Russia to begin assessing migrant workers' speaking skills Rosobrnadzor is planning to change the Russian language exam for migrant workers and include an assessment of speaking skills |