Saudi Arabia has failed to pay more than $1 billion it owes for military trucks built by defense industry giant General Dynamics Corp., the company and Canadian officials said, thrusting into public a complaint Western firms have quietly made for years: that the kingdom is slow to pay its debts. In a sign of how serious and widespread complaints of late payments have become, the U.S. State Department raised the issue with Saudi officials late last year, said a person familiar with the outreach. Other firms complaining privately...

Source: Wall Street Journal January 31, 2019 14:30 UTC