UK closes in on Typhoon deal

City A.M. Reporter
UK h

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.