Rumour machine within the industry suggests a Rafale deal is now very close to being signed - could be within the week.
Bad news for British industry generally, not just BAE, if this does happen. It is reported that some 50,000 could be affected throughout the UK supply base. Only around 5,000 - 6,000 of these at BAE.
Difficult one to judge, but after three years of investigation and not one charge being brought against anyone, you can understand the frustration apparently being shown by the Saudis and also senior BAE execs.
Having read much of the coverage during the weekend, it would seem one complaint is that our SFO is moving into areas in which it has no jurisdiction. If true, this must surely be stopped, unless the SFO can fully justify its actions by presenting hard evidenced facts and pressing charges.
BAE's public response may not be seen to amount to much, but I do have some sympathy. After all, this is a criminal investigation. Like anyone else facing the prospect of legal action, the company will have been advised to tread carefully in order not to prejudice any legal case. Against a backdrop of some very well briefed newspaper journalists, seemingly on one newspaper in particular, this can not be easy.
Tragic if the 72 aircraft order is lost to the French.