Shares fell in BAE Systems after the defence giant warned that Germany’s ban on selling arms to Saudi Arabia may affect its ability to provide combat aircraft support services to the kingdom. Shares fell in BAE Systems after the defence giant warned that Germany’s ban on selling arms to Saudi Arabia may affect its ability to provide combat aircraft support services to the kingdom. At the end of last year BAE Systems reached a deal with Saudi Arabia to extend its support services for Eurofighter Typhoon combat aircraft. The company said it is “reliant on the approval of export licences by a number of governments in order to continue supplies to Saudi Arabia”. “Delivering a strong operational performance and continued investment will enable us to meet our growth expectations and underpin the long term.”Press Association

Source: Irish Independent February 21, 2019 09:00 UTC