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Monday, August 14, 2006

BAE is poised for £5bn 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.

The Eurofighter is a joint programme between Britain, Italy, Germany and Spain to build the next generation attack aircraft. The Typhoon will replace the RAF’s Jaguar and Tornado jets. Until now, only one export order has been won for the aircraft — from Austria. The 18 Austrian jets are being built in Germany.

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