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FT Opening Quote – BAE gets £5bn Qatar order boost

Summary:
Theresa May is not the only one to secure a political deal in the nick of time, and breathe a sigh of relief, writes Matthew Vincent. Charles Woodburn, chief executive of BAE Systems has managed no less a negotiating feat, but in the Middle East rather than Europe: finalising a £5bn order from Qatar for 24 Typhoon fighter jets – a deal that will safeguard British jobs and ensure UK production of the aircraft into the mid-2020s.It represents the largest UK export order for the Eurofighter in a decade, and will bring some relief to BAE’s aerospace workers, who were facing an end to Typhoon production in 2019 if no new order materialised. It could also avert a crisis at BAE’s facility at Brough in Yorkshire, where the Hawk Trainer aircraft is manufactured, as Qatar also indicated it intends

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Theresa May is not the only one to secure a political deal in the nick of time, and breathe a...

Chris Nuttall
Award-winning journalist with more than 35 years' experience in newspapers, magazines, radio, TV and the internet at local, national and international levels. At the BBC for 17 years and has spent the past 15 with the Financial Times. Served as a foreign correspondent in Sri Lanka, Washington and Turkey as well as in a roving role for the BBC. Turned a late 1980s geeky interest into a professional focus on the internet and technology and was founding World Editor of the BBC News website and the BBC 's first Internet Correspondent.

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