Friday 19 August 2022
Saudi deal

BAE Systems profit down as Saudi deal drags

Britain's BAE Systems posted a 3 percent fall in first half profit, hit by a delay in the completion of a key deal with Saudi Arabia as well as lower spending by European and American military.   Europe's lar


Siemens clinches $130m Saudi deal

Siemens Energy said it has secured an 100 million euros ($130 million) order from Alfanar Construction Company and Saudi Services for Electromechanic Works (SSEM) to supply gas turbine packages at its power plant in Hail. Siemens Energy Se


Thales says Saudi deal open

French defence firm Thales on Friday dismissed reports that it had lost a $1 billion bid to supply a border surveillance system to Saudi Arabia, but took a swipe at prices offered by rivals. France has been battling for years to land a wid

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