Menu
18/08/2006
Saudis spend £10bn on Eurofighter
A £10 billion deal has been agreed with the Saudi Arabian government over the supply of the Eurofighter.
The deal is a major boost to BAE and the major contract for the state-of-the-art fighter will safeguard around 40,000 jobs in the defence manufacturing sector.
The Ministry of Defence confirmed that the “principles” of the deal had been agreed for the suply of the Eurofighter, also known as the Typhoon, produced by a consortium of manufacturers.
The statement read: "The Governments of the Kingdom of Saudi Arabia and United Kingdom of Great Britain and Northern Ireland signed an Understanding Document, intended to establish a greater partnership in modernising the Saudi Arabian Armed Forces.
"The required commercial principles have now been agreed which has initiated the purchase of Typhoon aircraft and the associated commitment to the industrial plan to be launched."
The consortium have already received orders from partner states for 620 of the multi-role air superiority/ground attack aircraft which is capable of a number of in-service roles dependant on the ordinance fitted.
(SP)
The deal is a major boost to BAE and the major contract for the state-of-the-art fighter will safeguard around 40,000 jobs in the defence manufacturing sector.
The Ministry of Defence confirmed that the “principles” of the deal had been agreed for the suply of the Eurofighter, also known as the Typhoon, produced by a consortium of manufacturers.
The statement read: "The Governments of the Kingdom of Saudi Arabia and United Kingdom of Great Britain and Northern Ireland signed an Understanding Document, intended to establish a greater partnership in modernising the Saudi Arabian Armed Forces.
"The required commercial principles have now been agreed which has initiated the purchase of Typhoon aircraft and the associated commitment to the industrial plan to be launched."
The consortium have already received orders from partner states for 620 of the multi-role air superiority/ground attack aircraft which is capable of a number of in-service roles dependant on the ordinance fitted.
(SP)
Related UK National News Stories
Click here for the latest headlines.
16 January 2006
Pressure on Education Secretary grows
Pressure on the Education Secretary Ruth Kelly has been increasing over the weekend after it emerged that a teachers' agency had received written permission for a man at the centre of the row to work as a maths teacher.
Pressure on Education Secretary grows
Pressure on the Education Secretary Ruth Kelly has been increasing over the weekend after it emerged that a teachers' agency had received written permission for a man at the centre of the row to work as a maths teacher.
01 December 2003
Britain takes lead role in Nato's chemical defence unit
Britain is to take on a leading role in a new multinational Nato battalion designed to respond to attacks from Chemical, Biological, Radiological and Nuclear (CBRN) weapons.
Britain takes lead role in Nato's chemical defence unit
Britain is to take on a leading role in a new multinational Nato battalion designed to respond to attacks from Chemical, Biological, Radiological and Nuclear (CBRN) weapons.
05 November 2010
Channel Tunnel Rail Link Deal Agreed
'High Speed 1', the Channel Tunnel high-speed rail link, is set to be bought by two Canadian pension funds for over £2bn. The Government announced the sale of the 69-mile London to Folkestone in June as part of efforts to reduce national debt. At a cost of £2.
Channel Tunnel Rail Link Deal Agreed
'High Speed 1', the Channel Tunnel high-speed rail link, is set to be bought by two Canadian pension funds for over £2bn. The Government announced the sale of the 69-mile London to Folkestone in June as part of efforts to reduce national debt. At a cost of £2.
18 January 2007
Premiership sides net £625m TV rights deal
Next season's FA Premiership winner will receive £50 million, £20 million more than the current season's winner, following a new deal agreed on overseas television rights. The deal guarantees that even the bottom team in the Premiership league will receive £30 million.
Premiership sides net £625m TV rights deal
Next season's FA Premiership winner will receive £50 million, £20 million more than the current season's winner, following a new deal agreed on overseas television rights. The deal guarantees that even the bottom team in the Premiership league will receive £30 million.
29 September 2005
Deal agreed in Gate Gourmet dispute
A deal has been reached by catering firm Gate Gourmet and the Transport and General Workers Union to bring an end to the long-running dispute at Heathrow Airport. The row began in August when nearly 700 catering staff, mainly Asian women, were sacked by the US-owned firm in a row over the restructuring of the company.
Deal agreed in Gate Gourmet dispute
A deal has been reached by catering firm Gate Gourmet and the Transport and General Workers Union to bring an end to the long-running dispute at Heathrow Airport. The row began in August when nearly 700 catering staff, mainly Asian women, were sacked by the US-owned firm in a row over the restructuring of the company.
-
Northern Ireland WeatherThis Evening and Tonight:A few bright spells at first and any showers gradually dying out. Low cloud and mist or drizzle over northern coastal parts will spread south to most areas overnight. Minimum temperature 7 °C.
