The contract is worth over USD 118.6 million and it includes options which, if exercised, would bring the cumulative value of this contract to more than USD 145.5 million.
European company MBDA was contracted by the US Naval Sea Systems Command as this deal is part of the MMSC programme implemented under the Foreign Military Sales procedure.
Under the MMSC programme the Royal Saudi Navy is to receive four ships based on the Freedom-class Littoral Combat Ship (LCS) of the US Navy. Ships will be built by the Fincantieri Marinette Marine shipyard.
According to media records, the first MMCS ship, future HMS Saud, is scheduled to launch in near future.
According to MBDA, CAMM offers both world-leading close-in and local-area air defence. The weapon system has the capability to intercept and thereby neutralise the full range of current and future threats including combat aircraft and the new generation of supersonic anti-ship missiles. Capable of multiple channels of fire, the system will also counter saturation attacks. It has a range of 25 Km, a speed of Mach 3 and features an active RF seeker.