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Thursday, September 17, 2015

British government to step up role in selling BAE's Typhoon

Eurofighter Typhoon with Storm Shadow missilesThe British government will step up efforts to help BAE Systems sell more Typhoon fighter jets, a key programme for the defence contractor, British suppliers and jobs, the defence minister said.

BAE is depending on "anticipated" new Typhoon orders, from countries likely to include Saudi Arabia, to meet its forecast for marginal earnings per share growth in 2015. It has also said it needs new orders to keep production of the Typhoon going at British factories beyond 2018.

Britain's defence industry body, ADS Group, has called on the government to do more to help exporters, saying government-to-government deals are important for exports.

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