BAE Systems in arms talks with Saudi Arabia

BAE Systems in arms talks with Saudi Arabia
 

BAE Systems has disclosed it is in talks over a multi-billion-pound arms contract with Saudi Arabia.
The announcement by the defence, aerospace and electronics giant will stoke controversy over weapons sales to the Arab kingdom.
However, it will hold out a lifeline to aircraft factories in the North West.
The UK has been one of the biggest suppliers of defence equipment to Saudi Arabia for more than 40 years, including the 1980s al-Yamamah deal.
That deal - worth more than £40bn, according to former BAE chief executive Mike Turner - was credited with saving the company from a near financial... read more

 
6 October 2016 in Business, Views: 48
Source: BBC
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