Europe's largest defense contractor BAE Systems announced Wednesday that the governments of the United Kingdom and Saudi Arabia have agreed on new pricing for the sale of 72 Eurofighter Typhoon jets.
The multi-billion dollar deal, signed in 2007 and widely reported by international media to stand at around $7.5 billion, would be a huge boost of confidence and support for the Eurofighter Typhoon jets outside of Europe. BAE builds the fighter jet with European aerospace group Airbus and Italian defense contractor Finmeccanica.