BAE Systems bags £2.5bn Omani contract
Oman to buy Typhoon and Hawk jets
By Gaurav Sharma | CFO UK | Published 12:14, 21 December 12
BAE Systems has signed a £2.5 billion contract to supply aircraft to Oman, it was announced on Friday.
In a statement, the aerospace and defence contractor said it will provide 12 Typhoon fighter jets and 8 Hawk Advanced Jet Trainer aircraft to the Omani Air Force starting in 2017.
The contract will cover both the supply of the aircraft and after sales service support with manufacturing set to begin in 2014.
In a statement, UK Prime Minister David Cameron, who is due to visit Oman on Saturday, welcomed the announcement.
“The deal is a testament to the UK's leading aerospace industry. It will safeguard thousands of 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.
BAE Systems, whose proposed merger with EADS collapsed earlier this year, also trumpeted the deal highlighting the safeguarding of jobs and adding that both Typhoon and Hawk are leading aircraft in their class.
In a related development, on Wednesday, the company said its full year 2012 earnings could be impacted if an agreement is not reached with Saudi Arabia over the pricing of a key contract worth £4.5 billion pertaining to the sale of 72 aircraft.
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