This article is from the source 'bbc' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.

You can find the current article at its original source at http://www.bbc.co.uk/news/business-20808517

The article has changed 4 times. There is an RSS feed of changes available.

Version 1 Version 2
BAE Systems wins £2.5bn Oman Hawk and Typhoon contract BAE Systems wins £2.5bn Oman Hawk and Typhoon contract
(35 minutes later)
BAE Systems, the UK aerospace company, has won a £2.5bn aircraft contract with the Sultanate of Oman. UK aerospace company BAE Systems has won a £2.5bn aircraft contract with the Sultanate of Oman.
BAE will provide 12 Typhoon and eight Hawk Advanced Jet Trainer aircraft. BAE will provide 12 Typhoon fighter jets and eight Hawk Advanced Jet Trainer aircraft.
The contract will cover the supply of the aircraft and in-service support for them and is the latest in a long line of contracts to supply the Omani armed forces. The contract will cover the supply of the aircraft and in-service support for them and is the latest in a long line of contracts to supply Oman.
Prime Minister David Cameron, who is due to visit the Middle Eastern state on Saturday, welcomed the deal.Prime Minister David Cameron, who is due to visit the Middle Eastern state on Saturday, welcomed the deal.
"It's testament to Britain's leading aerospace industry and the deal will safeguard thousands of jobs across the UK, not just at the BAE Systems factories in Lancashire and East Riding in Yorkshire, but at many more small businesses up and down the country that play a vital role in delivering these aircraft", he said."It's testament to Britain's leading aerospace industry and the deal will safeguard thousands of jobs across the UK, not just at the BAE Systems factories in Lancashire and East Riding in Yorkshire, but at many more small businesses up and down the country that play a vital role in delivering these aircraft", he said.
BAE said in statement: "This contract is further recognition that both Typhoon and Hawk are leading aircraft in their class."BAE said in statement: "This contract is further recognition that both Typhoon and Hawk are leading aircraft in their class."
The contract should help protect 6,000 high-technology and engineering jobs across sites at Warton and Samlesbury in Lancashire, and at Brough in East Yorkshire.The contract should help protect 6,000 high-technology and engineering jobs across sites at Warton and Samlesbury in Lancashire, and at Brough in East Yorkshire.
Manufacturing will begin in 2014 with delivery expected in 2017.Manufacturing will begin in 2014 with delivery expected in 2017.
The deal will come as a welcome fillip for BAE following Wednesday's news that its deal to supply Saudi Arabia with 72 Typhoon fighter has been delayed because of disagreements over the final contract price. BAE has supplied 24 jets to the kingdom so far.
The group said the delay could reduce full-year underlying earnings-per-share by approximately three pence.
BAE has been under pressure to develop an alternative growth strategy following the collapse of its planned merger with European defence company EADS earlier this year,BAE has been under pressure to develop an alternative growth strategy following the collapse of its planned merger with European defence company EADS earlier this year,
In the US, where BAE derives 40% of its revenues, the defence budget is being cut by up to $600bn (£369bn) over the next decade.In the US, where BAE derives 40% of its revenues, the defence budget is being cut by up to $600bn (£369bn) over the next decade.