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The Al Yamamah agreements between the UK and Saudi Arabia require "the provision of a complete defence package for the Kingdom of Saudi Arabia"; BAE Systems employs 5,300 people in the country. As of March 2022, BAE Systems employs over 7,000 people in Saudi Arabia and 75 per cent of the employees are Saudi nationals. [147]
Al Yamamah ( Arabic: اليمامة, lit. 'The Dove ') is the name of a series of record arms sales by the United Kingdom to Saudi Arabia, paid for by the delivery of up to 600,000 barrels (95,000 m 3) of crude oil per day to the British government. [1] The prime contractor has been BAE Systems and its predecessor British Aerospace.
Saudi Arabia and other corruption inquiries. In September 1985 BAE was a signatory to the UK's largest ever arms deal, the Al Yamamah contract to sell and service military planes to the government of Saudi Arabia. This ongoing contact has evolved through several phases and by 2006 had brought them £43 billion.
In June 2017, an investigation by the BBC and the Danish newspaper Dagbladet Information showed that BAE Systems Applied Intelligence had been selling a mass surveillance technology called Evident to the governments of Saudi Arabia, the United Arab Emirates, Qatar, Oman, Morocco and Algeria.
On 23 May 2012, the British defence firm BAE Systems agreed to sell 22 BAE Hawk advanced jet trainer aircraft to the Royal Saudi Air Force for a total of £1.9 billion ($3 billion). The deal also included simulators, ground and training equipment and spares. In April 2013, BAE Systems delivered the first two new Typhoons of 24 to Saudi Arabia.
On joining BAE Systems he was to be paid an annual base salary of £750,000. Additionally he was given more than £1.6m to compensate for incentive schemes at his previous company Expro. [5] It was reported in December 2016 that he was paid a total joining package worth £3 million. [6]
The Biden administration is set to send its first slice of grant money from 2022’s CHIPS and Science Act to BAE Systems, a highly anticipated first award of money from the landmark law.
It was created on 24 June 2005, following the completion of BAE Systems' acquisition of United Defense in 2004 and its merger with BAE Systems Land Systems. In 2007 BAE Systems acquired Armor Holdings adding to the size of Land & Armaments significantly.