BAE poised to clinch £20bn Saudi Eurofighter deal




 
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September 8th, 2007  
rock45
 

Topic: BAE poised to clinch £20bn Saudi Eurofighter deal


BAE poised to clinch £20bn Saudi Eurofighter deal


he £20bn deal between the defence company and Saudi Arabia will be one of the largest export orders ever won by the UK

BAE Systems will clinch a £20 billion deal to supply 72 Eurofighter Typhoon jets to Saudi Arabia next week.
It is understood that the British Government sent the Typhoon contract to King Abdullah bin Abdul Aziz two days ago. The King is expected to sign the contract next week, sealing one of the largest export orders ever won by the UK.
BAE led the FTSE 100 risers this morning as shares jumped by 4 per cent to 466.25p.
Completion of the deal will be an enormous relief to BAE, Europe’s largest defence company, as negotiations have dragged on for a year and were nearly derailed by a Serious Fraud Office (SFO) investigation into the company’s dealings with Saudi officials.




Full story
http://business.timesonline.co.uk/to...cle2402913.ece
 


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