The truth about President Trump's $110 billion Saudi arms deal

ABC News found that only approximately $25 billion is in the actual pipeline.

But the reality is that the U.S. is no where close to receiving that kind of money, at least right now. ABC News found only approximately $25 billion of the $110 billion in the actual pipeline, and future sales are not guaranteed.

In his article, Riedel wrote, "Instead, there are a bunch of letters of interest or intent, but not contracts. Many are offers that the defense industry thinks the Saudis will be interested in someday."

Riedel described it to ABC News as a "wish list" of what the U.S. would like to sell Saudi Arabia in the next four to five years. But he warns that these intended sales are not contracts, and that the Saudis may be unable to pay.

Congressional Notifications alert Congress to a "proposed" or "potential" sale and are associated with Letters of Offer and Acceptance (LOA). A LOA is a letter of interest or intent from another nation to purchase American military hardware.

In total, the six possible sales are valued at about $23.7 billion. Five of the six notifications were announced during the Obama administration, some as far back as 2013.

Since then, three additional Saudi-related Congressional Notifications were issued in late May and early June. These potential sales involve training and radar systems sales and total roughly $1.7 billion.

A U.S. official declined to comment to ABC News on the contents of the MOI, but a State Department press release shows they include the Terminal High Altitude Air Defense system (THAAD), the same missile defense system recently deployed to South Korea, as well as ships, helicopters, patrol boats, and associated weapons systems.

"The arms sale announced between the U.S. and Saudi Arabia is a broad agreement in principle," Pentagon spokesman Lt. Col. Roger Cabiness told ABC News. "It comprises multiple individual sales over several years, each of which must go through a separate procurement process. These steps include letters of intent, letters of offer, letters of approval, awarding of contract, and delivery. As the terms of these sales are finalized, we will notify Congress and make public the specifics of each transaction."

Cabiness added, "We have a strong relationship with Saudi Arabia, and we look forward to continuing our partnership in promoting regional security."

While one U.S. official categorized Trump's announcement as a “White House trick,” it’s hardly the first time an administration has touted an agreement that was never fulfilled.

One of the Saudi-related deals does appear to be on track.