The U.K.'s largest defense contractor is close to securing an order from Oman for 12 Typhoon jets.
After the failed merger with EADS, BAE Systems is looking to grow its company through the Middle East.
The UK's largest defense contractor has worked with Saudi Arabia before, making more than £40 billion of revenue in a controversial al-Yamamah arms deal.
BAE is close to making a deal for 12 Typhoon jets from Oman, and the company is looking to generous aircraft deals in the United Arab Emirates and Qatar down the road, according to the Guardian.
The Guardian reports:
"Saudi Arabia will play an important role following the collapse of the merger, which has led to BAE's largest shareholder calling for the resignation of the company's chairman, Dick Olver. Investors and market analysts are hoping that BAE will soften the blow of the EADS failure, and buy the firm's management more time, by returning the proceeds from a renegotiation of a Saudi contract for 72 Typhoons. BAE is expected to receive up to £600m and shareholders hope it will be diverted towards them by way of a special dividend or share buyback."
Click here to read the full article from Guardian, including why Arab States may start reducing their reliance on U.S. and U.K. businesses.