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Monday, December 18, 2006

Eurofighter delay may win better conditions for the Saudis

Eurofighter TyphoonThe completion of a £20 billion deal to sell Typhoon Eurofighters to Saudi Arabia will be postponed until the middle of next year, The Times has learnt.

While the Government’s intervention last week to abort a related investigation into fraud allegations has saved the contract, tying up all the loose ends will still take months.

That will almost certainly delay staged revenue payments to BAE Systems, analysts say, and could enable Saudi Arabia to squeeze better terms from the British arms company.

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