(LONDON) Saudi Arabia ‘ Signs Memorandum of Intent ‘ for 48 Typhoon fighter jets to be suppl ied by BAE it was announced to LSE today that sent share price up by 2.0% on FTSE100 #AceFinanceDesk reports

#AceFinanceReport – Mar.09: British military equipment maker BAE Systems announced Friday that Saudi Arabia has signed a preliminary deal for 48 Eurofighter Typhoon fighter jets: “The UK Government has signed a Memorandum of Intent with the Kingdom of Saudi Arabia to aim to finalise discussions for the purchase of 48 Typhoon Aircraft,” BAE said in a brief statement to the London Stock Exchange #AceFinanceDesk reports

Saudi Arabia signs deal for 48 Typhoon fighter jets “This is a positive step towards agreeing a contract for our valued partner: “We are committed to supporting the Kingdom as it modernises the Saudi Armed Forces and develops key industrial capabilities.”In reaction, BAE’s share price jumped 2.0 percent to 600.80 pence in afternoon deals on London’s benchmark FTSE 100 index, which traded flat: #AceFinanceNews

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