Interim Management Statement (excerpt)
(Source: BAE Systems; issued Oct. 11, 2012)
BAE Systems plc today (11 October) issues its Interim Management Statement for the period from 1 July 2012 to 10 October 2012 in accordance with the requirements of the UK Listing Authority's Disclosure Rules and Transparency Rules.

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In Saudi Arabia, following the award of a £1.6bn contract in May to support the Royal Saudi Air Force’s future aircrew training requirements, BAE Systems has been awarded a six-month extension to the current aircraft support contract on the Typhoon Salam programme.

Negotiations with the customer continue in respect of the Typhoon Salam programme for the next five years of support, the construction of maintenance and upgrade facilities in-Kingdom, and for capability enhancement.

Negotiations also continue on the Saudi British Defence Co-operation Programme for the next five years of support, including additional awards associated with the training environment and weapons procurement.

These negotiations cover contracts worth in excess of £7bn.

Contract negotiations with the Omani Ministry of Defence for the supply of 12 Typhoon Tranche 3 aircraft and associated support are expected to be concluded this year. (end of excerpt)

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