Kuwait to buy 28 Eurofighters

9/12/2015 3:26:30 AM

(MENAFN- The Peninsula)Italian Prime Minister Matteo Renzi (left) greets Kuwaiti Prime Minister Sheikh Jaber Al Mubarak Al Ahmad Al Sabah in Rome yesterday.

ROME: Kuwait signed a memorandum of understanding to buy 28 Eurofighter jets the consortium that makes the aircraft confirmed yesterday making it the eighth country to purchase the fighter jets.

Italian industry sources said earlier that the Gulf state had agreed to buy Eurofighter jets in a deal worth up to ¤8bn ($9bn).

“We consider this agreement as a strong market signal for additional orders in the next few years” Eurofighter spokesman Theodor Benien said adding that Denmark Belgium Malaysia Indonesia and Saudi Arabia were among other interested customers.

He declined to comment on the size of the deal.

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 5 percent.

The company which has a 36 percent stake in the Eurofighter programme could not be 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.

Kuwait and other Gulf and Middle Eastern countries are looking to acquire new high-tech military equipment to protect themselves from neighbouring Iran and internal threats unleashed by the 2011 Arab Spring uprising.

The Eurofighter Typhoon jets which came into service in 2003 have been purchased by Germany Britain Italy Spain Austria Saudi Arabia and Oman.

Meanwhile Italian Prime Minister Matteo Renzi yesterday held talks with visiting Kuwait’s Prime Minister Sheikh Jaber Al Mubarak Al Ahmad Al Sabah in Rome Kuwait’s official news agency Kuna reported.

The two sides reviewed bilateral relations and discussed ways of developing them as well as cooperation in the political economic military cultural and scientific fields.

Reuters

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