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

    Learn what India's parties' symbols mean by drawing them

    Learn what India's parties' symbols mean by drawing them

    More than 2,300 political parties have registered for the largest electoral exercise in the world.

    Visualising every Saudi coalition air raid on Yemen

    Visualising every Saudi coalition air raid on Yemen

    Since March 2015, Saudi Arabia and a coalition of Arab states have launched more than 19,278 air raids across Yemen.

    Why did Bush go to war in Iraq?

    Why did Bush go to war in Iraq?

    No, it wasn't because of WMDs, democracy or Iraqi oil. The real reason is much more sinister than that.