Skip to main content

BAE Systems

Volume 455: debated on Thursday 11 January 2007

To ask the Secretary of State for Trade and Industry which BAe Systems export contracts have been guaranteed by the Export Credits Guarantee Department since 1997; and what the (a) country of destination, (b) sums insured and (c) product or programme was in each case. (112885)

[holding answer 8 January 2007]: ECGD has provided support in respect of the following export contracts won by BAE Systems since it was formed as a company in November 1999:

Market

Project Name

ECGD product type and sum insured

2000

Saudi Arabia

Al Yamamah

Contract of indemnity

South Africa

South African defence package (SADP)

Buyer credit, £l,679.9 million

2001

Saudi Arabia

Al Yamamah

Contract of indemnity

2002

Romania

Surveillance Vehicles

Buyer Credit, £4.3 million

Saudi Arabia

Al Yamamah

Contract of indemnity

2003

Romania

Refurbishment of frigates

Buyer credit, £106.03 million

Saudi Arabia

Al Yamamah

Contract of indemnity

2004

Saudi Arabia

Al Yamamah

Contract of indemnity

2005

Saudi Arabia

Al Yamamah

Contract of indemnity

2006

Saudi Arabia

Al Yamamah

Contract of indemnity

One other export contract was supported by ECGD during this period but its disclosure would, or would be likely to, prejudice the commercial position of the parties involved.

Details of "sums insured" in relation to the Al Yamamah defence programme are not provided as disclosure of such information would be prejudicial to the commercial interests of ECGD and BAE Systems.

To ask the Secretary of State for Trade and Industry whether any officials from his Department had any discussions with any officials from the Solicitor-General’s Department on the recent decision by the Serious Fraud Office not to pursue the investigation into BAE Systems and its aircraft contract with Saudi Arabia. (113381)