Friday, 20 February 2009

BAE poised to seal Saudi Typhoon deal

BAE Systems, Europe’s largest defence contractor, on Thursday said it expected to agree a multi-billion pound deal to provide support and weapons systems for the 72 Eurofighter Typhoon aircraft to be bought by Saudi Arabia this year.

Ian King, chief executive, said the company was “in active discussions on the next phase” of a contract, signed between the UK government and the Gulf kingdom in 2007.

Saudi Arabia buys arms from Britain under government-to-government deals and BAE then acts as the prime contractor to the UK.

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