Al-Yamamah Arms Deal
Al Yamamah (Arabic: اليمامة The Dove) is the name of a series of a record arms sales by the United Kingdom to Saudi Arabia, which have been paid for by the delivery of up to 600,000 barrels (95,000 m3) of crude oil per day to the UK government. The prime contractor has been BAE Systems and its predecessor British Aerospace. The first sales occurred in September 1985 and the most recent contract for 72 Eurofighter Typhoon multirole fighters was signed in August 2006.
Mike Turner, the CEO of BAE Systems, said in August 2005 that BAE and its predecessor had earned £43 billion in twenty years from the contracts and that it could earn £40 billion more. It is Britain's largest ever export agreement, and employs some 5,000 people in Saudi Arabia.
In 2010, BAE Systems pleaded guilty to a United States court, to charges of false accounting and making misleading statements in connection with the sales.
Read more about Al-Yamamah Arms Deal: Background, Summary, Corruption Allegations
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