Company Announcements

Qatar agrees contract for Typhoon aircraft

Source: RNS
RNS Number : 8920Y
BAE SYSTEMS PLC
11 December 2017
 

                                                                                                            11th  December 2017

 

BAE Systems - Qatar agrees contract for Typhoon aircraft

The information in this announcement includes inside information relating to BAE Systems plc

BAE Systems and the Government of the State of Qatar have entered into a contract, valued at approximately £5bn, for the supply of Typhoon aircraft to the Qatar Emiri Air Force along with a bespoke support and training package.

The contract is subject to financing conditions and receipt by the Company of first payment, which are expected to be fulfilled no later than mid-2018.

The contract provides for 24 Typhoon aircraft with delivery expected to commence in late 2022.

BAE Systems is the prime contractor for both the provision of the aircraft and the agreed arrangements for the in-service support and initial training.

Charles Woodburn, BAE Systems Chief Executive said:

"We are delighted to begin a new chapter in the development of a long-term relationship with the State of Qatar and the Qatar Armed Forces, and we look forward to working alongside our customer as they continue to develop their military capability".

 

For further information please contact:

 

Investors

Media Relations

Martin Cooper,
Investor Relations Director

Telephone: +44 (0)1252 383040

Email: investors@baesystems.com

Rowan Pearman,
Director, Media Relations

Telephone: +44 (0)7721 107716

Email: rowan.pearman@baesystems.com

 

Issued by:

David Parkes - Company Secretary

BAE Systems plc

 

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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