BAE Systems consortium wins £165 million contract to Bolster Eurofighter Typhoons

24 February 2015

A consortium including BAE Systems PLC has won a GBP165 million contract from the NATO Eurofighter and Tornado Management Agency to enhance the capability of the Eurofighter-Typhoon on behalf of the UK, Germany, Spain and Italy.

Eurofighter Jadgflugzeug is a consortium of companies that comprises BAE, with a 33% stake, Italy-based Finmeccanica-Alenia Aermacchi and Airbus Group NV, and Eurofighter from Spain. It was awarded the contract by the agency, which works on behalf of the four nations.

The contract will involve a number of avionics system upgrades to the Eurofighter Typhoons and the integration of the Brimstone 2 missile onto the aircraft. BAE said the contract will sustain more than 200 UK jobs based at BAE Systems in Lancashire and MBDA in Stevenage.

The Brimstone 2 close air support weapon will further enhance Typhoon?s effectiveness, enabling it to deploy the precision guided weapon against high-speed manoeuvring surface targets with low collateral damage. When integrated, each Typhoon aircraft will be able to carry up to six Brimstone missiles on two launcher packs of three missiles each, according to the UK Ministry of Defence.

"While the prime focus of the P3E upgrade is the introduction of the Brimstone 2 missile required by the UK RAF, it will also enhance the capabilities of the Storm Shadow long-range strike missile, the Meteor, Paveway IV and ASRAAM weapons," said the Ministry.

BAE System shares were up 0.7% to 533.92 pence per share on Monday afternoon.

 

Source:http://www.lse.co.uk