BAE lands £5bn Typhoon sale to Qatar, but how will it affect future deals? - Telegraph
Qatar's attempts to build relationships with the West. In the past year the small nation has agreed to spend $20bn building up its air force, buying F-15 jets from the US and Rafales from France.
- However, Qatar faces problems closer to home. Several of the country's neighbours - including Saudi Arabia, the United Arab Emirates and Bahrain - have severed diplomatic and trade ties with the country, claiming it supports terrorism and criticising its relationship with Iran.
Defence group BAE Systems' shares jumped in early trading as investors reacted to a long-awaited export sale of the company's Typhoon jet fighters.
BAE shares rose almost 3pc after a £5bn sale of 24 of jets along with a training and support package to Gulf nation Qatar was announced on Sunday afternoon. BAE, Airbus and Italy's Leonardo each have a one-third share in the Typhoon programme.
The deal also threw a lifeline to BAE's programme building the Hawk training jet - the aircraft flown by the Red Arrows - whose production line is running out of orders.
Qatar's purchase also included an agreement for weapons manufacturer MBDA - which is jointly owned by BAE, Airbus and Leonardo - for Brimstone and Meteor missiles.
Leonardo also builds the radar and defensive electronics for the Typhoon at its plants in the Luton and Edinburgh, so the sale will be a further boost to the UK.
Combined, the aircraft, weapons, training and support is valued at about £6bn, according to the joint UK-Qatar announcement.
Charles Woodburn, chief executive of BAE, said: "We are delighted to begin a new chapter in the development of a long-term relationship with the State of Qatar and the Qatar Armed Forces, and we look forward to working alongside our customer as they continue to develop their military capability."
Selling the aircraft to Qatar will "support thousands of British manufacturing jobs", said Defence Secretary Gavin Williamson, who oversaw the signing to the agreement in Doha.
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