Saudi Arabia signs UK defence deal

Saudi Arabia has signed a deal with the UK to buy 72 Euroefighter Typhoon aircraft in a deal that analysts say could be worth more than $11 billion.

    The Eurofighter Typhoon on show generated some interest

    A Saudi defence ministry statement, carried by the official SPA news agency, said: "The agreement was signed for the purchase of 72 Typhoon aircraft."

    Sources close to the negotiations had said a deal signed in December was believed to have an option of up to 72 aircraft.

    The brief statement, which did not give the value of the deal, said it also included a defence technology transfer.

    The purchase is being carried out to replace British-made Tornados and other jets with the Typhoons.

    The multinational Eurofighter consortium that makes Typhoon jets includes British defence contractor BAE Systems Plc, European aerospace group EADS and Italy's Finmeccanica.

    BAE is expected to invest in local training for thousands of Saudi nationals.

    Saudi Arabia has a history of buying arms from Britain dating back to the 1960s, and usually pays in oil.

    SOURCE: Reuters


    YOU MIGHT ALSO LIKE

    Interactive: Take a tour through divided Jerusalem

    Interactive: Take a tour through divided Jerusalem

    Take a tour through East and West Jerusalem to see the difference in quality of life for Israelis and Palestinians.

    Stories from the sex trade

    Stories from the sex trade

    Dutch sex workers, pimps and johns share their stories.

    Inside the world of India's booming fertility industry

    Inside the world of India's booming fertility industry

    As the stigma associated with being childless persists, some elderly women in India risk it all to become mothers.