Feb 22, 2009
BAE Systems, Europe's largest defence contractor, said on Thursday it expected to agree a multi-billion pound deal to provide support and weapons systems for the 72 Eurofighter Typhoon aircraft to be bought by Saudi Arabia this year. Ian King, chief executive, said the company was in active discussions on the next phase of a contract, signed between the UK government and the Gulf kingdom in 2007. Saudi Arabia buys arms from Britain under government-togovernment deals and BAE then acts as the prime contractor to the UK. The most lucrative contract so far, the al-Yamamah deal, under which Britain supplied Tornado and Hawk aircraft in the 1980s, has been dogged by allegations of corruption and bribery. The 2007 contract - Project Salam - is worth an initial [pounds sterling]4.3bn. The first deliveries of the jets are due to begin this year and Mr King said he expected to be "on contract" in 2009 to provide support and spares packages. Feb 20, 2009
U.S. commanders in Iraq and Afghanistan are seeking precision, air-fired missiles to complement area missiles already in use, but Army officials appear uncertain how to proceed. BAE Systems is developing an inexpensive seeker missile for the Navy, while laser-guided systems from Lockheed Martin Corp. and ATK-Elbit are also under consideration. Feb 17, 2009
Finmeccanica, Lockheed Martin
Shares in Italian firm Finmeccanica dropped as much as 9% on Tuesday over concerns that the Obama administration will cut an $11.2 billion order for new presidential helicopters. Finmeccanica is Lockheed Martin Corp.'s subcontractor on the helicopter contract, which became subject to automatic review due to cost overruns. Feb 18, 2009
Saab Avitronics has received a contract of undisclosed...