Qatar contract effective

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: [phone] Email: [e-mail]	Jonathan Refoy, Director, Media Relations Telephone: [phone] Email: [e-mail]

Issued by:

David Parkes - Company Secretary

BAE Systems plc

 

END

 

 

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