British Aerospace

On 26 September 1985, the UK and Saudi Arabian governments signed the Al Yamamah contract, with BAe as prime contractor. The contracts, extended in the 1990s and never fully detailed, involved the supply of Panavia Tornado strike and air defence aircraft, Hawk trainer jets, Rapier missile systems, infrastructure works and naval vessels. The Al Yamamah deals are valued at anything up to £20 billion and still continue to provide a large percentage of BAE Systems' profits. With Alenia Aeronautica, CASA and DASA, BAe formed Eurofighter GmbH in 1986 for the development of the Eurofighter Typhoon. On 22 April 1987 BAe acquired Royal Ordnance, the British armaments manufacturer, for £190 million. Heckler & Koch GmbH was folded into this division when BAe acquired it in 1991. In 1988 BAe purchased the Rover Group which was being privatised by the British government.

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