BAE Expected To Get India Order Worth GBP500 Mln -Report

21st Jul 2010 02:09

DOW JONES NEWSWIRES BAE Systems PLC (BA.LN), the U.K.'s biggest defense company, is expected to announce an order from India for Hawk trainer aircraft worth around GBP500 million in the coming weeks, U.K. newspaper The Daily Telegraph reports Wednesday, without citing specific sources. Negotiations for the contract for between 50 and 60 aircraft are well advanced, and an announcement could come in the next fortnight, the newspaper reported. BAE declined to comment on the expected deal, the newspaper said, other than to say it was "confident that the company will get a contract soon." Newspaper Web site: http://telegraph.co.uk -Dow Jones Newswires; [email protected] (END) Dow Jones Newswires July 20, 2010 21:09 ET (01:09 GMT)