Advertisement
Singapore markets open in 4 hours 25 minutes
  • Straits Times Index

    3,272.72
    +47.55 (+1.47%)
     
  • S&P 500

    5,070.55
    +59.95 (+1.20%)
     
  • Dow

    38,503.69
    +263.71 (+0.69%)
     
  • Nasdaq

    15,696.64
    +245.33 (+1.59%)
     
  • Bitcoin USD

    66,266.86
    -267.84 (-0.40%)
     
  • CMC Crypto 200

    1,423.98
    +9.22 (+0.65%)
     
  • FTSE 100

    8,044.81
    +20.94 (+0.26%)
     
  • Gold

    2,336.20
    -10.20 (-0.43%)
     
  • Crude Oil

    83.33
    +1.43 (+1.75%)
     
  • 10-Yr Bond

    4.5980
    -0.0250 (-0.54%)
     
  • Nikkei

    37,552.16
    +113.55 (+0.30%)
     
  • Hang Seng

    16,828.93
    +317.24 (+1.92%)
     
  • FTSE Bursa Malaysia

    1,561.64
    +2.05 (+0.13%)
     
  • Jakarta Composite Index

    7,110.81
    -7,073.82 (-49.87%)
     
  • PSE Index

    6,506.80
    +62.72 (+0.97%)
     

BAE Systems will fulfil UK-Saudi contracts after arms export ruling

Trade visitors walk past an advertisement for BAE Systems at Farnborough International Airshow in Farnborough, Britain

LONDON (Reuters) - Leading British defence firm BAE Systems said on Thursday it would continue to support the government in its agreements it has made with Saudi Arabia following a court ruling that Britain had granted arms export licences unlawfully.

"We continue to support the UK Government in providing equipment, support and training under government to government agreements between the United Kingdom and Saudi Arabia," BAE Systems said in a statement after the ruling, which does not halt exports but means Britain will pause issuing new licences.

"We will assess the result of the UK Government's reconsideration of its decision-making on the basis set out by the court, once it has been made," it said, adding it complied with all relevant export control laws.

(Reporting by Alistair Smout, Editing by Paul Sandle)