Subscribe free to our newsletters via your
. Space Industry and Business News .




AEROSPACE
BAE says Saudi jet deal facing unresolved 'issues'
by Staff Writers
London (AFP) Dec 19, 2012


British defence group BAE Systems on Wednesday warned that a lucrative deal to sell fighter jets to Saudi Arabia was facing unresolved "issues" five years after an agreement was struck between the two sides.

BAE and Saudi Arabia signed a �4.5-billion ($7.3-billion, 5.5-billion-euro) deal in 2007 to supply 72 Eurofighter Typhoon planes to Riyadh.

"Discussions with the Kingdom of Saudi Arabia government have been underway for some time to agree definitive pricing for the supply of 72 Typhoon aircraft to the Royal Saudi Air Force (RSAF) contracted in 2007 under the government-to-government Salam programme," BAE said in a statement on Wednesday.

"Whilst progress has been made through the course of these negotiations, issues remain to be resolved before contract pricing, acceptable to all parties, can be agreed."

BAE, which earlier this year failed to cement a merger deal with European aerospace giant EADS, added that discussions would continue towards an agreement.

"Acceptable pricing terms remain the group's driver to such an agreement, not the timing of the settlement," it said.

BAE's share price was down 1.0 percent to 342.30 pence after the company announcement and in late trading on London's FTSE 100 index of leading companies, which was 0.55-percent lower at 5,968.99 points.

.


Related Links
Aerospace News at SpaceMart.com






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle








AEROSPACE
Bulgaria to modernise air force
Sofia (AFP) Dec 19, 2012
Bulgaria's government has approved plans to buy new or used fighter jets to replace its ageing fleet of Soviet-built aircraft, Defence Minister Anyu Angelov said on Wednesday. "According to our plans we would need a minimum of eight (fighters)," Angelov told journalists. He will now start talks with a range of countries and aims to decide by March 1. Experts estimate Bulgaria, a member o ... read more


AEROSPACE
Apple "pinch-to-zoom" patent deemed invalid

Google sells Motorola Mobility Home for $2.35 bn

Bubble study could improve industrial splash control

Missile Defense Agency awards Raytheon contract modification for AN/TPY-2 radar

AEROSPACE
N. Korea satellite appears dead: scientist

AEHF Team Completes Major Integration Milestone Ahead Of Schedule

US Air Force selects Raytheon to develop future Protected SATCOM System

General Dynamics Awarded Contract Under New U.S. Army Rapid-Acquisition Communications Program

AEROSPACE
Payload integration complete for final 2012 Ariane 5 mission

Arctic town eyes future as Europe's gateway to space

ISRO planning 10 space missions in 2013

Russia works to fix satellite's off-target orbit

AEROSPACE
KAIST announced a major breakthrough in indoor positioning research

Third Boeing GPS IIF Begins Operation After Early Handover to USAF

Putin Urges CIS Countries to Join Glonass

Third Galileo satellite begins transmitting navigation signal

AEROSPACE
Upgraded MiG-29s supplied to India

BAE says Saudi jet deal facing unresolved 'issues'

Embraer, Astronics collaborate on KC-390

Bulgaria to modernise air force

AEROSPACE
Stretchable electronics

Novel NIST process is a low-cost route to ultrathin platinum films

Dreidel-like dislocations lead to remarkable properties

Tiny compound semiconductor transistor could challenge silicon's dominance

AEROSPACE
China launches Turkish EO satellite

Google Maps driving Apple iOS upgrades

Google Maps returns to iPhone after Apple fiasco

Shadows on ice: Proba-1 images Concordia south polar base

AEROSPACE
US tightens restrictions on soot

Onion soaks up heavy metal

Toxic cloud in Buenos Aires under control

Peru industrial pollution feeds conflict




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement