By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
IndebtaIndebta
  • Home
  • News
  • Banking
  • Credit Cards
  • Loans
  • Mortgage
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • Videos
  • More
    • Finance
    • Dept Management
    • Small Business
Notification Show More
Aa
IndebtaIndebta
Aa
  • Banking
  • Credit Cards
  • Loans
  • Dept Management
  • Mortgage
  • Markets
  • Investing
  • Small Business
  • Videos
  • Home
  • News
  • Banking
  • Credit Cards
  • Loans
  • Mortgage
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • Videos
  • More
    • Finance
    • Dept Management
    • Small Business
Follow US
Indebta > News > US agrees to sell Turkey jets after Ankara approves Sweden’s Nato bid
News

US agrees to sell Turkey jets after Ankara approves Sweden’s Nato bid

News Room
Last updated: 2024/01/27 at 5:48 AM
By News Room
Share
4 Min Read
SHARE

Unlock the Editor’s Digest for free

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.

The Biden administration has told US lawmakers that it intends to sell Turkey $23bn worth of F-16 fighter jets after Ankara formally cleared Sweden’s bid to join the Nato military alliance.

The US Department of State notified Congress that it planned to approve Turkey’s request to buy 40 F-16s, according to an announcement late on Friday by the Defense Security Cooperation Agency. The US also intends to sell Turkey kits to modernise 79 existing F-16 jets as part of the deal. 

US approval of the arms deal, which Turkey first proposed more than two years ago, is expected bring to a close a long-running saga that has dogged relations between the Nato allies.

“These new and refurbished aircraft will provide Turkey with a fleet of modernised multi-role combat aircraft to enable it to provide for the defence of its airspace, contribute to Nato missions to preserve regional security and defend Nato Allies”, DSCA said.

The US also said on Friday that it planned to approve Greece’s request to purchase almost $9bn of latest-generation F-35 fighter jets. That deal had also been caught up by the deadlock in approving Turkey’s F-16 purchases.

The White House had linked its approval of Turkey’s purchases to the country ratifying Sweden’s Nato bid, while Ankara insisted the US had to approve the arms deal as a condition for fulfilling Stockholm’s request. In addition to pushing the US to clear its F-16 purchases, Turkey also demanded numerous concessions from Stockholm related to security.

Turkish President Recep Tayyip Erdoğan signed off on Sweden’s accession to Nato on Thursday. The move leaves Hungary as the lone holdout among Nato members on approving Stockholm’s request. Hungarian Prime Minister Viktor Orbán said this week Hungary was committed to ratifying Sweden’s bid to join Nato, but he also invited Swedish counterpart Ulf Kristersson to Budapest to “negotiate”.

The US and other western allies view Sweden’s accession to Nato as a vital bulwark against Russia’s aggression in Europe after its 2022 full-scale invasion of Ukraine.

Erdoğan has also taken steps towards improving relations with Greece, which was seen by some US lawmakers as an important step in clinching the F-16 deal. The Turkish president travelled to Athens in December for his first official visit since 2017, vowing to “resolve our current problems through constructive dialogue, good neighbourliness and collaborative efforts”.

Congress will have 15 days to review both the Turkish and Greek arms deals. Turkey’s F-16 purchases will largely be fulfilled by Lockheed Martin, while Lockheed and Pratt & Whitney will be the main contractors on the Greek F-35 deal.

Ben Cardin, chair of the powerful Senate foreign relations committee, said on Friday that his approval of Turkey’s F-16 deal had been “contingent on Turkish approval of Sweden’s Nato membership”.

But he also warned that the US remained concerned over Ankara’s lack of co-operation on “holding Russia accountable for its invasion of Ukraine” and over the Erdoğan government’s human rights record.

Turkey had sought to purchase latest-generation F-35 jets, but was ejected from the US-led programme in 2019 after Ankara took delivery of a Russian air defence system over American objections.

Read the full article here

News Room January 27, 2024 January 27, 2024
Share this Article
Facebook Twitter Copy Link Print
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Finance Weekly Newsletter

Join now for the latest news, tips, and analysis about personal finance, credit cards, dept management, and many more from our experts.
Join Now
Why Netflix stock fell despite ‘strong’ earnings report, what’s driving up gold and silver prices

Watch full video on YouTube

The Trump Administration’s Mixed Messaging On Iran War

Watch full video on YouTube

Firefly Aerospace Inc. (FLY) Q4 2025 Earnings Call Transcript

Operator Greetings, and welcome to the Firefly Aerospace Fourth Quarter 2025 Financial…

Netflix earnings: Why the stock fell on earnings

Watch full video on YouTube

Why Disney Cruise Line Is Debuting Its Largest Ship In Singapore

Watch full video on YouTube

- Advertisement -
Ad imageAd image

You Might Also Like

News

Firefly Aerospace Inc. (FLY) Q4 2025 Earnings Call Transcript

By News Room
News

Sandisk Stock’s Quiet AI Boom Could Still Surprise Investors (NASDAQ:SNDK)

By News Room
News

Spotify Just Posted Its Best Year Ever. We Think It Gets Better. (NYSE:SPOT)

By News Room
News

USMV: One Statistic Makes This Long-Running Low Risk ETF Special (BATS:USMV)

By News Room
News

Harbor Diversified International All Cap Fund Q4 2025 Commentary (HAIDX)

By News Room
News

RPV: This Pure Value ETF Is A Reliable Player For Uncertain Conditions And Long Term

By News Room
News

Intel shareholder claims board gave US an equity stake to avoid Trump’s social media attacks

By News Room
News

Oracle shares rally on strong revenue forecast from AI data centres

By News Room
Facebook Twitter Pinterest Youtube Instagram
Company
  • Privacy Policy
  • Terms & Conditions
  • Press Release
  • Contact
  • Advertisement
More Info
  • Newsletter
  • Market Data
  • Credit Cards
  • Videos

Sign Up For Free

Subscribe to our newsletter and don't miss out on our programs, webinars and trainings.

I have read and agree to the terms & conditions
Join Community

2023 © Indepta.com. All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?