Defence group BAE's hopes of exporting its Typhoon fighter have been dealt a blow after the United Arab Emirates ended negotiations about buying the jet.
The Gulf nation had been in talks over a multi-billion pound deal to buy 60 of the twin-engine supersonic fighters as it looks to upgrade its air force.
"The UAE have advised that they have elected not to proceed with these proposals at this time," Britain's biggest defence company said in a statement as the market closed on Thursday.
BAE and the British government had been in discussion with the UAE "regarding a range of defence and security capabilities including the potential supply of Typhoon aircraft".
"We put a world-class proposal on the table but the UAE has elected not to proceed at this time," a spokesman for the company said. » | Alan Tovey | Thursday, December 19, 2013
