Arab Today, arab today bae secures £25bn jet deal with oman
Last Updated : GMT 03:02:27
Arab Today, arab today
Arab Today, arab today

BAE secures £2.5bn jet deal with Oman

Arab Today, arab today

Arab Today, arab today BAE secures £2.5bn jet deal with Oman

Cairo - Arabstoday

BAE Systems has struck a £2.5bn contract to supply fighter jets to Oman, its first major deal since the collapse of its planned merger with EADS.  Under the contract, the FTSE 100 defence giant said that it would supply 12 Typhoon and eight Hawk aircraft to the Middle Eastern state, with deliveries expected to start in 2017. BAE will also provide in-service support to the Royal Air Force of Oman. The deal should safeguard thousands of jobs and is a major fillip for BAE, which had pledged to conclude the Omani contact before 2013 in the aftermath of its failed £28bn tie-up with EADS. In the wake of the deal’s collapse, BAE is eyeing a collection of vital export deals worth more than £30bn to shore up its future, including with Oman, Malaysia and Saudi Arabia. Guy Griffiths, managing director for BAE’s international business, said that receiving the Oman contract was “an honour” and “excellent news” for both BAE and the Eurofighter Typhoon consortium, which includes BAE and EADS. However, shares in BAE fell 7.5 - 2.2pc - to 340.5p on Friday morning, with analysts at Investec pointing out that “trading challenges in BAE’s core US market remain”. Related Articles With defence spending slumping in BAE’s two largest markets - America and Britain - Middle East sales are critical. BAE is working to win a follow-on Typhoon contract in Saudi Arabia, but has cautioned that it is not yet agreed a price with the Saudis. Earlier this week, BAE warned that profits might be lower than expected in 2012 because it had still failed to agree a price with Saudi Arabia for its Typhoon fighter jets despite securing the order five years ago. The bulk of the production for the Oman jets will be carried out at BAE’s sites in Lancashire and Yorkshire, which employ 6,000 people. Prime Minister David Cameron, who is due to visit Oman today , claimed BAE’s deal with the sultanate should help protect jobs. “It’s testament to Britain’s leading aerospace industry and the deal will safeguard thousands of British jobs across the UK, not just at the BAE Systems factories in Lancashire and East Riding in Yorkshire, but at many more small businesses up and down the country that play a vital role in delivering these aircraft,” he said. A spokesperson for BAE said the contract should safeguard jobs in the long-term, with the deal expected to sustain in excess of 40,000 jobs in Britain through BAE and its supply chain. From : Egypt Daily News.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today bae secures £25bn jet deal with oman Arab Today, arab today bae secures £25bn jet deal with oman

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today bae secures £25bn jet deal with oman Arab Today, arab today bae secures £25bn jet deal with oman

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today US travel restrictions are still 'Muslim ban'

GMT 00:54 2017 Tuesday ,26 September

US travel restrictions are still 'Muslim ban'
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Israel builds settlements 'at high rate'

GMT 01:04 2017 Tuesday ,26 September

Israel builds settlements 'at high rate'
Arab Today, arab today North Korea 'more opaque'

GMT 10:50 2017 Sunday ,24 September

North Korea 'more opaque'
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Personality study finds fish have hidden depths

GMT 00:43 2017 Tuesday ,26 September

Personality study finds fish have hidden depths
Arab Today, arab today 'Lady Beast' fights for girl gamers

GMT 10:27 2017 Sunday ,24 September

'Lady Beast' fights for girl gamers
Arab Today, arab today Botanical gardens a lifeboat

GMT 02:50 2017 Tuesday ,26 September

Botanical gardens a lifeboat
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Chevrolet's first 9-speed auto debuts

GMT 18:58 2017 Monday ,25 September

Chevrolet's first 9-speed auto debuts
Arab Today, arab today Third generation adds more power

GMT 13:40 2017 Sunday ,24 September

Third generation adds more power
Arab Today, arab today Lebleba is preoccupied in filming 'Back Street'

GMT 08:56 2017 Thursday ,21 September

Lebleba is preoccupied in filming 'Back Street'
Arab Today, arab today Conditions growing dire    

GMT 09:22 2017 Monday ,25 September

Conditions growing dire    

GMT 08:59 2017 Wednesday ,20 September

Youssra prepares for launching her program

GMT 10:16 2017 Friday ,22 September

All eyes on May as she prepares

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 05:05 2017 Sunday ,24 September

Psychologists help Mexico deal

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 12:02 2017 Sunday ,24 September

Harry visits mental health hospital

GMT 12:09 2017 Sunday ,24 September

Taxi! Transport gets an overhaul

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:46 2017 Thursday ,21 September

Google likely to buy stake in Taiwan smartphone maker HTC

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday