Posted on September 19, 2018
The deal, worth around £5bn includes the aircraft and a bespoke support and training package. Qatar is now buying nine Hawk trainers, rather than six, which will also be welcome news for BAE Systems’ factories in Warton and Brough which make the jets. Welcoming the news, Defence Secretary Gavin Williamson said:
“This monumental, multi-billion-pound deal is now officially in place, and those from across government and industry who have worked so hard on it together can be extremely proud to see it reach this stage. It’s a massive boost to the British defence industry, helping to support thousands of jobs, and it will help us further build the trust between the UK and Qatar to tackle the challenges we both share, support stability in the region and deliver security at home.”
UK Export Finance’s (UKEF) £5bn package of support was vital to securing the deal, including by providing financing and insurance. UKEF’s role is to support UK exports including by providing export finance to enable overseas buyers to purchase goods and services from the UK, and export insurance for companies selling overseas.