BAE set for fighter jet deal

Updated 17.06 Fri Sep 07 2007

Keywords: Eurofighter, Saudi Arabia, BAE Systems

BAE Systems is reportedly poised to secure a £20 billion fighter jets deal with Saudi Arabia.

The company is understood to be in line for the multi-billion pound contract to supply 72 Eurofighter Typhoon jets to the Saudis next week.

BAE is understood to be in line for the multi-billion pound contract to supply 72 Eurofighter Typhoon jets to the Saudis

BAE declined to comment, saying that that the "negotiations regarding the potential procurements of Typhoon jets for the Royal Saudi Airforce are between the governments of the UK and Saudi Arabia".

It added: "It is therefore inappropriate for BAE Systems to make any comment as to their content or timing."

Last year the Serious Fraud Office dropped an investigation into a 1980s BAE Systems deal with Saudi Arabia.

It is thought the deal will see BAE pick up an initial £5 billion contract to supply the fighter jets, a further £5 billion on armament and munitions systems and a £10 billion maintenance contract for the jets.

BAE is said to be preparing to build 24 of the jets in its factory in Warton, Lancashire.