Qatar contract effective
Updated : 14:05
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, Telephone: +44 (0)1252 383040 Email: investors@baesystems.com |
Jonathan Refoy, Telephone: +44 (0)7880 252144 Email: jonathan.refoy@baesystems.com |
Issued by:
David Parkes - Company Secretary
BAE Systems plc
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