EADS wins $3.5bn Saudi border guard deal

01.07.2009 Contracts

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European aerospace group EADS won a 2.5 billion euros ($3.5 billion) contract to provide Saudi Arabia with radars and command posts along the border to deter attacks from sea, air or land, Le Point.fr said on Wednesday.

EADS is expected to officially unveil the Saudi Border Guard Development Program (SBGDP) contract in a statement on Wednesday afternoon, the website of French weekly le Point added.

EADS, whose shares rose as much as 3.8 percent on the news,  had no immediate comment.

EADS had been in competition with France's Thales, BAE Systems and US group Raytheon
 

 

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