The Government of UK and the Kingdom of Saudi Arabia have finally agreed on the price escalation terms relating to the Eurofighter Typhoon airplane under the Salaam programme.
Cash settlement is expected to follow this pricing agreement, commencing in the early part of 2014.
Ian King, Chief Executive, BAE Systems, said, "This is an equitable outcome for all parties, I am pleased that we have been able to conclude this negotiation which builds on our long standing relationship with this much valued customer".
In 2005, talks were underway for a Saudi purchase of 72 Eurofighter Typhoon Tranche 2 airplanes, said to be worth $71 billion, from Britain’s BAE Systems – with an important set of conditions on the Saudi side. After certain period of uncertainties, the contract was finally signed in September 2007, followed by an extension contract worth about $2.7 billion signed in June 2013 for support through to 2017.
The UK-Saudi cooperation program, known as “Project Salaam” involves BAE Systems investment in local Saudi companies, development of an industrial technology plan, logistics support and suitable training for thousands of Saudi nationals who will provide through-life support for the fleet.
Selex ES and BAE Systems have signed a teaming agreement to provide Electronic Warfare Operational Support (EWOS) for Eurofighter Typhoon customers. The work will initially focus on current and potential future export campaigns and the Eurofighter Typhoon core programme where appropriate
The very first Tranche 3 Typhoon, BS116, has successfully completed engine ground runs – the jet which has adds capabilities like e-scan radar, conformal fuel tanks and a high speed data network. The engine ground runs were carried out in 3 distinct phases with the first phase -- Green Screens involving a final check of the airframe for foreign object debris (FOD) using a wire mesh screen attached directly to the front of the engine– you can guess what colour the mesh is
The United Arab Emirates has received a formal bid from BAE Systems to build 60 Eurofighter Typhoon jets for the country. The Typhoon is the front-runner followed closely by Dassault with its Rafale jets for the deal which could be valued up to $6 billion
Oman has announced its decision to buy 12 Typhoon and eight Hawk Advanced Jet Trainer (AJT) aircraft in a contract reported to be worth $2.2 billion
The Saudi Arabian Air Force and British defence contractor BAE Systems have signed a contract for the supply of 48 Typhoon aircraft, Reuters News Agency has reported. The total value of the Salam deal is still unclear
BAE Systems has won a contract worth £446m to support the fleet of Typhoon jets. The in-service support agreement, known as Contract 1 will introduce significant efficiencies by bringing together a number of legacy contracts and proposed new work into an overarching umbrella contract
Lockheed Martin and Advanced Electronics Company (AEC) will establish a Sniper Advanced Targeting Pod(ATP) Expanded Repair Capability facility in the Kingdom of Saudi Arabia - the first Sniper support facility established outside the United States. Designed to support the Royal Saudi Air Force's (RSAF) Sniper ATPs, the Expanded Repair Capability facility will provide both affordability benefits and expedited repair times for the RSAF
Boeing has won a contract for the manufacture of 24 AH-6i Little Bird light attack/reconnaissance helicopters for Saudi Arabia. The contract is valued at $234 million procurement of long-lead items, an initial spares package, and ground support equipment
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