Britain’s £20bn arms deal with Saudi

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.

The Typhoon deal will be called al-Salam, meaning “peace”, and defence analysts said that it would be vital to building closer military links with Saudi Arabia.

Source.

Related:
Q: How Much is British Justice Worth? A: At Least £6 billion

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s




th.abe.t

RSS Talk Islam

  • An error has occurred; the feed is probably down. Try again later.

%d bloggers like this: