BAE scores lucrative training contract
Defence, security and aerospace group BAE Systems has been awarded a significant contract to support the future aircrew training requirements of the Royal Saudi Air Force by the Saudi British Defence Co-operation programme.
Defence, security and aerospace group BAE Systems has been awarded a significant contract to support the future aircrew training requirements of the Royal Saudi Air Force by the Saudi British Defence Co-operation programme.
The £1.6bn deal follows an agreement between the governments of both the UK and the Kingdom of Saudi Arabia.
Under the contract, BAE will supply 22 new Hawk Advanced Jet trainer aircraft, 55 Pilatus PC-21 aircraft, as well as additional aircrew training equipment and an initial support package including the provision of spares, technical publications and post design support.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
The share price fell 0.18% to 273.90p by 14:33.
NR
Sign up for MoneyWeek's newsletters
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
-
8 of the best houses for sale with annexes
The best houses with annexes – from a period property in the Lake District to a 13th-century house with a two-bedroom annexe in Saltwood, Kent
By Natasha Langan Published
-
Zelenskyy moves to appease Donald Trump – what happens now?
Ukraine’s president Volodymyr Zelenskyy is conceding ground to secure the least-worst deal possible, says Emily Hohler
By Emily Hohler Published