Qatar “lifeline” for troubled BAE company as Saudi deal stalls

As a Saudi follow-on order for Typhoon fighter jets failed to materialise this year, a Qatari order for these jets and Hawk trainer airplanes may provide a lifeline for troubled British defence company BAE Systems.

BAE said on Tuesday it is cutting almost 2,000 jobs in its military, maritime and intelligence services amid a slowdown in orders for its Typhoon fighter jets. CEO Charles Woodburn said in a statement that the cuts are necessary to “align our workforce capacity more closely with near-term demand and enhance our competitive position to secure new business.”

However the company said that it expects an order from Qatar, which in late September signalled its intention to buy 24 Typhoons, in a deal that BAE has now revealed also includes six of its Hawk trainer planes.

Source Credit: The New Arab
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