Saudi-Arabia buys 72 Eurofighthers worth $8.84 billion

[DAL767-400ER]

http://www.reuters.com/article/marketsNews/idUKL1720340020070917?rpc=44

RIYADH, Sept 17 (Reuters) - Saudi Arabia said on Monday it had signed an agreement with the British government to buy 72 Eurofighter Typhoon jets from BAE Systems (BA.L: Quote, Profile, Research) for 4.43 billion pounds ($8.84 billion).

A deal including the jets as well as weapons and long-term maintenance of the aircraft is expected to raise its value to 20 billion pounds, analysts say.

Saudi Arabia will pay the same price per jet as those sold to Britain, the statement said.

Quite a massive order.

[z740]

well i guess they can do that because of all the money they make on oil. still that is a very large order. i sure hope they use them for good.

-Chris

[MaxPower]

That's a good chunk of money there just for new aircrafts. Imagine how many mouths all that money would feed if they were to use them on the third world..

[Alex - Spot-This !]

That's a good chunk of money there just for new aircrafts. Imagine how many mouths all that money would feed if they were to use them on the third world..

Sadly true...

[brianw999]

I've worked in Saudi Arabia.......most of the Kingdom IS third world !!! Come to think of it, most of the third world works in Saudi.

[z740]

I've worked in Saudi Arabia.......most of the Kingdom IS third world !!! Come to think of it, most of the third world works in Saudi.

And the rest of it in the Middle East! Well let's hope they stay out of trouble!

-Chris