Gold ticks up but remains pressured by Fed rate caution, easing trade fears
LONDON - The Turkish Air Force is set to become the tenth operator of Typhoon fighter jets following a £5.4 billion ($7.1 billion) agreement with the UK government, BAE Systems announced Monday.
The deal includes 20 Typhoon aircraft along with an associated weapons and integration package. BAE Systems expects to recognize approximately £4.6 billion in revenue from the contract, including through its 37.5% shareholding in MBDA, which will primarily provide the weapons package.
Under the agreement, BAE Systems will manufacture major airframe components, conduct final assembly of the aircraft, and lead weapons integration activities at its facilities in Lancashire, UK.
The contract extends the production timeline for the Typhoon program, which has become a key defense platform for multiple nations across Europe and the Middle East.
"Türkiye’s procurement of Typhoon marks the start of a new chapter in our longstanding relationship with this important NATO ally," said Charles Woodburn, BAE Systems Chief Executive, in a press release statement.
The Typhoon is a twin-engine, multirole fighter aircraft designed for air superiority and ground attack missions. With Turkey’s addition, the aircraft will now be operated by ten different air forces globally.
The agreement comes as nations continue to modernize their air defense capabilities amid evolving security challenges. The Turkish Air Force will integrate the Typhoons into its existing fleet as part of its military modernization efforts.
This procurement represents one of the largest recent defense contracts for BAE Systems and strengthens defense ties between the UK and Turkey, both NATO members.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.