You are here: Home » PTI Stories » National » News
Business Standard

BAE Systems announces Saudi deal for 48 Typhoon jets

AFP  |  London 

British military announced today that has signed a preliminary deal for 48 fighter jets.

"The has signed a Memorandum of Intent with the Kingdom of to aim to finalise discussions for the purchase of 48 Typhoon Aircraft," BAE said in a brief statement to the Stock Exchange.

"This is a positive step towards agreeing a contract for our valued partner.

"We are committed to supporting the Kingdom as it modernises the Saudi Armed Forces and develops key industrial capabilities."

In reaction, BAE's share price jumped 2.0 per cent to 600.80 pence in afternoon deals on London's benchmark index, which traded flat.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, March 09 2018. 22:00 IST