BAE agrees pricing on Typhoon deal with Saudi Arabia

BAE has finally agreed a deal over price increases for the sale of 72 Eurofighter Typhoon jets to Saudi Arabia. The FTSE 100 defence company signed a £4.5bn contract to provide the supersonic fighters to the Middle East nation seven years ago but the sale has faced hurdles over cost, forcing BAE to defer earnings from the so-called "Salam" deal.

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