Latest News
- Court Sentences Bank Employee To 5 Years For Embezzling 100,000...
- Fake ‘Sheikh’ Sentenced To 2-yr As Court Overturns Verdict
- Justice Ministry New Service On The Sahel App
- Ministry Probes 68 Cases Of Illegal Charity, Funds Collection
- Globally, Kuwait Is Among The Top Consumers Of Incense And Oud O...
- Decrease Seen In Foreign Investment
- Kuwait Customs Seized 2 Containers Laden With Tobacco At Shuwaik...
- Unpaid Salaries, Accountant Beaten Up By Workers
- The Sahel App Was Not Hacked, A Spokesman Claims
- Four Expats Arrested For Stealing Copper Cables Worth 60,000 Din...
- Indian National Died In Abdalli Car Accident
- Work Permits And Foreign Worker Transfers Are Amended By PAM
Kuwait Has Signed To Buy Eurofighter Jets
Kuwait has signed a memorandum of understanding to buy Eurofighter jets in a deal worth up to 8 billion euros ($9 billion), Italian industry sources said.
The Eurofighter aircraft are produced by Italy's Finmeccanica, BAE Systems and Airbus . The sources said the 20-year-long deal with Kuwait would be finalised "in a few weeks".
The news, first reported on Italian daily Corriere della Sera's web site, drove up Finmeccanica shares by more than 4 percent on Friday. The company, which has a 36 percent stake in the Eurofighter programme, could not be immediately reached for comment.
An industry source said Finmeccanica was the leading partner of the Kuwait deal and expected to get over 50 percent of its value. The agreement, which includes future maintenance services, was for 28 jets, of which 22 single seaters and six double seaters, the source added.
Â
SOURCE: TIMES
Trending News
-
Eid Al Fitr 2024: Crescent Moon Not Sighted In Sau...
08 April 2024
-
Kuwait Implements Home Biometrics Services Ahead O...
14 April 2024
-
When Will Eid Al Fitr 2024 Take Place In Qatar, Ba...
08 April 2024
-
On Sunday, The Meteorological Department Warns Of...
07 April 2024
-
Kuwait Airways Provides Update On Flight Schedule...
14 April 2024
-
Kuwait Airways Introduces Convenient Home Luggage...
15 April 2024
-
Gathering For Eid Al-Fitr Prayers: Kuwaiti Citizen...
10 April 2024
-
Winners Of Kuwait National Assembly 2024 Elections
06 April 2024
-
An Egyptian Expat Dies At Kuwait's Airport
11 April 2024
-
Bay Zero Water Park Kuwait: Summer Season Opens Ei...
11 April 2024
Comments Post Comment