BAE scores lucrative training contract

23rd May 2012 14:22

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. The share price fell 0.18% to 273.90p by 14:33. NR