Qatar agrees contract for Typhoon aircraft

RNS Number : 8920Y

BAE SYSTEMS PLC

11 December 2017

 

                                                                                                            11^th  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: [phone] Email: [e-mail]	Rowan Pearman, Director, Media Relations Telephone: [phone] Email: [e-mail]

Issued by:

David Parkes - Company Secretary

BAE Systems plc

 

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