BAE's Asian, Mideast jet orders to offset cuts
London, June 11, 2013
Sales of combat aircraft in the Middle East and Asia will more than compensate for cutbacks in US and European spending, Britain's BAE Systems predicted on Tuesday.
Europe's largest defence contractor forecast international markets outside its US and European heartlands would rise to account for around half of turnover at its military air and information unit by 2016, up from around 25 percent currently.
"This is a prudent view," Peter Anstiss, business development director of the unit said at a briefing on Tuesday in Warton, in north west England.
"Very clearly, the international market could more than compensate for the reductions in the US and UK market."
BAE's aircraft include the four nation-backed Eurofighter Typhoon, which it is developing in a consortium with European aerospace group EADS and Italy's Finmeccanica .
Saudi Arabia and Oman have so far signed up to buy Typhoon jets and the plane is also vying to win deals in countries such as Malaysia, South Korea and the UAE.
South Korea is likely to be the next nation to decide which aircraft it will choose when it places an order for 36 jets, Anstiss said. The Typhoon is competing against Boeing's F-15 and Lockheed Martin's F-35 fighter jet.
Countries in the Gulf region have the potential to purchase 150 more Typhoon jets, Anstiss said, adding that this figure excluded Saudi Arabia's order for 72 Typhoon jets and Oman's 12 Typhoon aircraft.
In India, where the company lost a competition to supply the country with 126 fighters to Dassault Aviation's Rafale aircraft, BAE is waiting on the sidelines to jump back in should the talks fall through, he said.
A decision from the Indian government with regards to a signed deal with Dassault could come before the second quarter of next year when the country holds its elections, he said. - Reuters
More INTERNATIONAL NEWS Stories
- Investors monitoring Pimco after internal strife
- N Korea tanker ‘leaves Libya rebel port carrying oil’
- Malaysia plane incident not terror related: Interpol
- Crimea closes air space to commercial flights
- Missing Malaysian plane last seen At Malacca Strait
- Stolen passport holder on missing plane is Iranian
- China deploys 10 satellites to search for Malaysia jet
- Libya says halts tanker outside port; rebels deny it
- Libya orders military force to 'liberate' ports
- Big bananas: Chiquita, Fyffes merge
- Radar sweeps, dozens of aircraft, but no sign of plane
- N Korea tanker loads oil at Libya rebel port
- Gold drops as US growth optimism weighs
- Merkel raps Putin; Russia tightens grip on Crimea
- World 'at sea' over missing Malaysian jetliner
- Passports requiring probe were on Malaysia flight
- 40 killed in Yemen as Houthi fighters near capital
- Vietnam finds object in sea; search on
- $5bn poll spend to boost India economy
- Libya authorises use of force against Korean tanker
- Ukraine PM says he will go to US to discuss crisis
- Syrian journalist killed covering fighting
- Malaysian jet may have turned back before vanishing
- No sign of missing plane; Malaysia probes false passports
- Two Europeans not on board 'missing' Malaysian jet
- China draws red line on North Korea
- Saudi sentences three to death for 2003 bombing
- First bitcoin machine opens in UK
- US sanctions will boomerang, warns Russia
- China plans $50bn bank to fund projects