Company Announcements

Qatar contract effective

Source: RNS
RNS Number : 1511B
BAE SYSTEMS PLC
18 September 2018
 

                                                                                                            18 September 2018

 

BAE Systems - Qatar contract for Typhoon and Hawk aircraft effective

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

The contract signed in December 2017 between BAE Systems and the Government of the State of Qatar for the supply of 24 Typhoon aircraft to the Qatar Emiri Air Force along with a bespoke support and training package was subject to financing conditions and receipt by the Company of first payment. The contract was amended in June to include the supply of nine Hawk Advanced Jet Trainer aircraft along with an initial support package.

These conditions have now been met, and the contract valued at approximately £5bn has become effective with receipt of the first payment today,18 September.

Deliveries of the first Typhoon and Hawk aircraft are expected to commence in 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.

For further information please contact:

 

Investors

Media Relations

Martin Cooper,
Investor Relations Director

Telephone: +44 (0)1252 383040

Email: investors@baesystems.com

 

Jonathan Refoy,
Director, Media Relations

Telephone: +44 (0)7880 252144

Email: jonathan.refoy@baesystems.com

 

Issued by:

David Parkes - Company Secretary

BAE Systems plc

 

 

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
CNTLPMJTMBMBBJP