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BAE EXPECTS SAUDI DEAL SOON

LONDON [MENL] -- BAE Systems expects Saudi Arabia to soon sign a contract for the purchase of the Eurofighter Typhoon fighter-jet.

Industry sources said BAE has assessed that Riyad would sign a contract for at least 24 Eurofighters over the next few months. The sources said BAE has advanced quickly in the effort to draft a multi-billion dollar contract with the Saudi Defense Ministry.

On March 28, technical teams from Britain and Saudi Arabia signed documents for the procurement of the Eurofighter. On Tuesday, Crown Prince Sultan Bin Abdul Aziz, who is also the kingdom's defense minister, said the Saudi leadership has been studying the proposed agreement.

"They are now being studied by the political leadership [before] signing them," Sultan said. "The deal is on course, and there are no obstacles to it because it is in the kingdom's interest."

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