Saudi Royal Family "incandescent with rage"THE TELEGRAPH: Shares in BAE Systems fell 3pc this morning amid fears the government of Saudi Arabia may hand a £76bn deal to build fighter jets to a French rival.
The Saudis are understood to be poised to hand BAE’s Eurofighter contract to France’s Dassault because of the Serious Fraud Office’s probe into allegations that BAE officials have in the past bribed members of the Saudi royal family in order to win contracts.
Such a move, which the Saudis have threatened to do, would hit the company’s share price hard. The company’s shares have already fallen back from highs of 425p earlier this month and sunk to 392p, below the psychological threshold of 400p today. BAE feels Saudi wrath over bribe inquiry by James Quinn
BAE admits Saudi Eurofighter fear
Mark Alexander
1 comment:
The fact that French weapons are third rate obviously doesn't concern the Saudis. France is an increasingly irrelevant oddity that is not a has been, it is a never was. Outside of the Napoleonic era France has always been a faux world power.
France ceased to be relevant after WW2 and is more irrelevant today.
It should be replaced on the UN security council by India.
I have been boycotting France for two decades. My boycott stems from the games played in the Reagan era with bombing Khadafy. I do quite well with high quality products from Italy.
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