Embargo threatens UK’s pending £10bn deal to sell 48 Typhoon jets to Saudi ArabiaDefence company BAE Systems’ share price fell sharply on Thursday after it warned that a German ban on arms exports to Saudi Arabia,imposed after the killing of journalist Jamal Khashoggi, could scupper a multibillion-pound deal to sell Typhoon fighter jets.
Alongside its annual results on Thursday, or BAE Systems stressed that its commerce is “reliant on the approval of export licences by a number of governments in order to continue supplies to Saudi Arabia”. The Gulf state accounted for around 14% of BAE’s annual sales in 2018,and is seen as a key customer for the Typhoon. Related: Despite the slaughter in Yemen, Britain is still chasing arms sales | Andrew Smith Continue reading...
Source: theguardian.com