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Wed 27 Jan 2016 05:44 PM

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Finmeccanica said to sign $4.4bn Kuwait Eurofighter deal on Jan 31

Source says Italian defence group will finally ink contract to sell 28 fighter jets to Gulf state by end of month

Finmeccanica said to sign $4.4bn Kuwait Eurofighter deal on Jan 31
(Getty Images)

Italian defence group Finmeccanica will finally sign a long-awaited contract to sell 28 Eurofighter jets to Kuwait on Jan. 31, a source close to the matter said on Wednesday.

Finmeccanica had originally expected to complete the deal in November, but that target was put back at least twice due to problems over pilot training and specialised personnel.

The deal is worth up to 4 billion euros ($4.35 billion) to Finmeccanica, sources close to the matter have told Reuters.

The contract will be signed in Kuwait, the source said.

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FABRIZIO 4 years ago

Well, we are on Feb 1st and there is any news of the contract . What 's happened ?