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21st Century Wire – Saudi vs the Houthis: Why U.S. Patriot Missiles Are Useless

Summary:
The Patriots failed again, it seems. Missile strikes that shut down a half of Saudi oil production not only marked a new round of escalation in the Persian Gulf, but also revealed the limitations of the Kingdom’s air defense. Over the past years, Saudi Arabia, the state with the third largest military budget in the world (.9bn), has spent billions of dollars building up six battalions of US-made Patriot surface-to-air missiles and associated radars. However, these seemingly sophisticated air-defense systems appeared to be not enough to protect key infrastructure objects. 21st Century Wire - Saudi vs the Houthis: Why U.S. Patriot Missiles Are Useless

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The Patriots failed again, it seems.


Missile strikes that shut down a half of Saudi oil production not only marked a new round of escalation in the Persian Gulf, but also revealed the limitations of the Kingdom’s air defense. Over the past years, Saudi Arabia, the state with the third largest military budget in the world ($82.9bn), has spent billions of dollars building up six battalions of US-made Patriot surface-to-air missiles and associated radars. However, these seemingly sophisticated air-defense systems appeared to be not enough to protect key infrastructure objects.


21st Century Wire - Saudi vs the Houthis: Why U.S. Patriot Missiles Are Useless
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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