BAE Systems is to focus on a collection of vital export deals worth more than £30bn to secure its future after the break down of merger talks with EADS. The potential contracts are now central to the defence manufacturer’s growth aspirations amid budget cuts in its key UK and US markets.
BAE will work alongside EADS to try to win contracts for the Eurofighter Typhoon, which is built through a joint venture between the two companies and Italian defence manufacturer Finmeccanica.
The contracts include a £7bn contract with Saudi Arabia to provide another 48 Typhoon jets as well as training and weapons procurement.
BAE is also in talks to sell the Typhoon jet to Oman and Malaysia, which is looking to buy 18 fighter jets initially and the option to buy a further 18.
In the US, BAE is eyeing a contract to provide the United States Air Force with the Hawk as a new training jet. The deal would mark a further breakthrough for BAE in the US.
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