UK closes in on Typhoon deal

City A.M. Reporter
The UK has made “extremely encouraging” progress in securing an order from the United Arab Emirates for 60 Typhoon fighter jets made by BAE Systems, a British defence source said yesterday.

“There is a political agreement. Clearly there are a lot of details to be worked through, but it is extremely encouraging,” the source said, adding that a contract was likely to be signed sooner rather than later.

The official was speaking after Prime Minister David Cameron travelled to the UAE earlier this week on a two-day diplomacy and trade visit.