BAE Systems Nears Oman Eurofighter Deal-Sources (excerpt)
(Source: Reuters; published July 3, 2012)
LONDON --- Britain's BAE Systems Plc, battling shrinking European and American defence budgets and eager to recoup lost orders, is close to selling 12 Eurofighter Typhoon jets to Oman, according to sources close to the deal.

Analysts estimate the sale could be worth up to $2 billion to Europe's biggest defence contractor.

"BAE and Oman are close to an agreement for 12 Eurofighters," one source told Reuters on Tuesday.

BAE is also in talks to supply 60 Eurofighters to the United Arab Emirates (UAE) if the Gulf Arab state's deal with France's Dassault falls through, one of the sources said.

The UAE was expected to finalise a $10 billion agreement with Dassault last year but the talks faltered after the UAE said the terms were uncompetitive and unworkable.

"The UAE fighter competition has a long way to run yet," a source close to the talks said. (end of excerpt)

Click here for the full story, on the Reuters website


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