BAE is Poised for 5bn Pounds Saudi Eurofighter Contract

Posted on: Aug. 15th, 2006 || Source: business.timesonline.co.uk | E-mail Article | Print Article

BAE is Poised for 5bn Pounds Saudi Eurofighter Contract

THE Government is set to announce the sale of 72 Eurofighter Typhoons to Saudi Arabia, possibly as early as Wednesday.

The fighters will be built by BAE Systems in a deal thought to be worth about £5 billion.

Des Browne, the Defence Secretary, is understood to be ready to sign the contract. The contract is also expected to include a provision for BAE to supply long-term maintenance for the jets, which could be worth another £5 billion.

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