BAE systems has been given a massive boost after Kuwait agrred to buy the 28 Typhoon fighters which the company makes through its membership of the Eurofighter consortium.
The sale is a vote of confidence for the jet, which has recently lost out on export orders to France’s Rafale jet. As well as BAE, the partner companies in the consortium are Airbus Defence and Space in Germany and Spain, and Alenia Aermacchi/Finmeccanica in Italy, which spearheaded the sales campaign.
The deal means that manufacturing work will come to BAE’s UK plants, including Lancashire’s, which had been under threat. The company had previously said it would close the Typhoon production line at its base in Warton, Lancashire, in 2018 if no more export orders were secured.
Securing further Typhoon orders is also critical to BAE achieving its full year profit targets, with Ian King, chief executive, saying that the company’s annual results means finding more buyers, which is critical to the defence group’s growth plans.
A BAE spokesman said: “We welcome today’s agreement between Italy and Kuwait for the supply of 28 Typhoons. Kuwait will be the third country in the Middle East, and the eighth country overall, to operate the aircraft. This confirms Typhoon’s position as the most advanced new generation swing role combat aircraft available today.”