BAE Systems Signs $3B Deal to Supply Jets to Saudi Arabia: Hot Trends

BAE Systems Signs $3B Deal to Supply Jets to Saudi Arabia: Hot Trends:
NEW YORK (TheStreet) -- Popular searches on the Internet Wednesday include BAE Systems after the company signed a $3 billion deal with Saudi Arabia to supply 30 more Hawk jets.

The deal, which includes related support and services along with the jets, will reportedly help Saudi Arabian pilots learn to fly the Eurofighter Typhoon jets the country already ordered from BAE. Saudi Arabia bought 72 Typhoon aircraft from BAE, 24 of which have been delivered to the country's air force.

BAE has been struggling in the wake of decreased defense budgets in Europe and America. The British company had announced the closure of its factory in Yorkshire, England, which would see 845 jobs lost.
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