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Sunday, February 17, 2013

BAE hit by delay on Saudi jet deal

Eurofighter Typhoon |The defence giant will publish full-year results for 2012 on Thursday, and analysts are forecasting a rise in revenue to around £18.7bn from £17.8bn.

Pre-tax profit is forecast to rise to £1.63bn from £1.47bn.

However, The Sunday Telegraph understands results will come in below City expectations as BAE continues negotiations on the pricing of a contract to supply 72 jets to the Royal Saudi Air Force.

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