Obama planning $60 billion arms deal with Saudi Arabia.

From Raw Story:

US President Barack Obama's administration will soon notify Congress of plans to offer advanced military aircraft to Saudi Arabia in a deal worth up to 60 billion dollars, congressional sources said Monday.

The officials, speaking on condition of anonymity because the transaction has not yet been formally announced, confirmed a Wall Street Journal report about the deal but warned that key US lawmakers would block the move.

"You can fully expect that a hold will be placed on this deal," thought to be the largest ever arms sale of its kind, said a senior congressional source.

"There is serious concern about some sensitive material which is expected to be included in the deal," said another source, who told AFP that Obama aides would brief congressional staff on the deal on Monday.

A "hold" would come from the chair or ranking member of the House Foreign Affairs Committee or Senate Foreign Relations Committee, which typically must sign off on arms transfers, and could change what is in the package.

The Journal, which cited unnamed officials, said the administration was also in talks with the kingdom about potential naval and missile-defense upgrades that could be worth tens of billions of dollars more.

The administration sees the sale as part of a broader policy aimed at shoring up Arab allies against Iran, the report said.

The 60 billion dollars in fighter jets and helicopters is the top-line amount requested by the Saudis, even though the kingdom is likely to commit initially to buying only about half that amount, the paper said.

In its notification to Congress, expected to be submitted this week or next, the administration will authorize the Saudis to buy as many as 84 new F-15 fighters, upgrade 70 more, and purchase three types of helicopters -- 70 Apaches, 72 Black Hawks and 36 Little Birds, The Journal said.