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Saudi Arabia has moved closer to a deal to buy 48 Typhoon fighter jets, UK aerospace giant BAE Systems has said.
A memorandum of intent on the deal was signed after Saudi Crown Prince Mohammed bin Salman met Defence Secretary Gavin Williamson.
BAE Systems said the signing was "a positive step towards agreeing a contract for our valued partner".
Downing Street said a target of £65bn worth of trade and investment had been agreed during the UK visit.
The preliminary order comes two months after BAE announced around 2,000 job cuts because demand for the Typhoon had slowed.
http://www.bbc.com/news/business-43347848
A memorandum of intent on the deal was signed after Saudi Crown Prince Mohammed bin Salman met Defence Secretary Gavin Williamson.
BAE Systems said the signing was "a positive step towards agreeing a contract for our valued partner".
Downing Street said a target of £65bn worth of trade and investment had been agreed during the UK visit.
The preliminary order comes two months after BAE announced around 2,000 job cuts because demand for the Typhoon had slowed.
http://www.bbc.com/news/business-43347848