SAABF SAAB AB (PK)

-- The U.K. government is considering the purchase of four to six Boeing built surveillance planes, Reuters reports Thursday.

-- The deal to purchase Boeing E-7 Wedgetail jets could be more than $1 billion, the report said.

-- European jet maker Airbus may team up with Sweden's Saab to offer an alternate proposal, and might not rule out a legal challenge, the report said, citing "a person close to the matter."

Full story: https://www.reuters.com/article/us-britain-arms-boeing/uk-nears-decision-to-buy-boeing-awacs-planes-sources-idUSKBN1K22ZJ?il=0

Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

(END) Dow Jones Newswires

July 12, 2018 16:02 ET (20:02 GMT)

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