SOFEX 2014

Oman to spend more

05 May 2014

A Bank of Muscat report says Oman’s 2014 defence budget will increase by 4.1 per cent to OMR3.7 billion ($9.6 billion).

Most of the extra funding is expected to cover major arms deals, including the acquisition of Eurofighter Typhoon fighter jets (12), Airbus C295M transport aircraft (8), and BAE Systems Hawk advanced jet trainers (8), contracts for which were concluded in 2012.

In January, Raytheon confirmed it had been awarded a $1.28 billion direct commercial contract for the delivery of its National Advanced Surface-to- Air Missile System (NASAMS).

(88 words)