BAE Systems agrees Eurofighter pricing with Saudi ArabiaFebruary 19, 2014 - 17:41 AMT PanARMENIAN.Net - Defense group BAE Systems has agreed Wednesday, Feb 19, the pricing with Saudi Arabia over the rising cost of a long-running Eurofighter Typhoon jet deal, BBC News reports. Saudi ordered 72 Eurofighters in 2007 for £4.5bn, but the contract faced obstacles over escalating costs. BAE said the new deal was an "equitable outcome" for both sides, although full details were not disclosed. BAE warned last year that failure to agree a deal could hit earnings. Its shares rose 3% on Wednesday's news. The new deal was negotiated mainly between the Saudi and UK governments. Now that this contract, known as the Salam program, has been secured, talks are expected to begin with the Saudis about buying dozens more Eurofighters. BAE builds the fighter jet with European aerospace group Airbus and Italian defense contractor Finmeccanica. BAE is due to publish latest profits figures on Thursday. Related links: Top stories Authorities said a total of 192 Azerbaijani troops were killed and 511 were wounded during Azerbaijan’s offensive. In 2023, the Azerbaijani government will increase the country’s defense budget by more than 1.1 billion manats ($650 million). The bill, published on Monday, is designed to "eliminate the shortcomings of an unreasonably broad interpretation of the key concept of "compatriot". The earthquake caused a temporary blackout, damaged many buildings and closed a number of rural roads. Partner news | Narek Manasyan wins European Boxing Championships silver for Armenia Armenia’s Narek Manasyan (92kg) won Armenia’s second silver medal at the European Boxing Championships 2024 on April 28. Blinken urges Azerbaijan to continue negotiations with Armenia Secretary of State Antony J. Blinken has urged Azerbaijani President Ilham Aliyev to continue negotiations with Armenia. Pashinyan, Blinken talk Armenia-U.S. ties over the phone Prime Minister Nikol Pashinyan had a phone conversation with US Secretary of State Antony Blinken on April 28, Pashinyan’s office reports. Titus, Bilirakis lead legislation to sanction Azerbaijani war criminals Representatives Dina Titus (D-NV) and Gus Bilirakis (R-FL) have introduced the bipartisan legislation. |