BAE Systems near $800 mln Saudi Hawk deal - report

BAE Systems is close to sealing a 500 million pounds ($808 million) deal to sell up to 30 Hawk trainer aircraft to Saudi Arabia, the Sunday Times reported. The sale would provide some welcome relief for the defence giant, which is battling against shrinking defence budgets in Europe and America. Saudi Arabia has ordered 72 Eurofighter Typhoon jets from BAE and needs the Hawks to train its pilots.

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