Saudi To Buy 72 Eurofighters for $58 Billion: Report

Posted on: May. 22nd, 2006 || Source: defensenews.com | E-mail Article | Print Article

Saudi To Buy 72 Eurofighters for $58 Billion: Report

Britain will sign a deal with Saudi Arabia before the end of July to supply the kingdom with 72 Eurofighter Typhoon jets in a deal worth far less than the expected price tag of 31 billion pounds (45.5 billion euros, $57.9 billion), a report said May 22.

”This is a good deal for Britain, but it is also an exceptionally good deal for Saudi Arabia,” a diplomatic source was quoted as saying by London’s free business daily City A.M.

Britain’s Ministry of Defense had announced in December that the country was to supply Saudi Arabia with Typhoon jets, but did not disclose either the number of planes or cost of the deal.

But the figure of 31 billion pounds has been widely quoted in the media here.

According to City A.M. senior Saudi sources said the deal for 72 Typhoons, plus maintenance, spares, weapons and training until 2030, would be finalized before July 25.

Read the full article

Other Recent Headlines

In accordance with Title 17 U.S.C. Section 107, this material is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. (Disclaimer)