Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking & Finance Review®

Global Banking & Finance Review® - Subscribe to our newsletter

Company

    GBAF Logo
    • About Us
    • Profile
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2026 GBAF Publications Ltd - All Rights Reserved. | Sitemap | Tags | Developed By eCorpIT

    Editorial & Advertiser disclosure

    Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Home > Headlines > Turkey nears Eurofighter jet purchase after UK, German agreements
    Headlines

    Turkey nears Eurofighter jet purchase after UK, German agreements

    Published by Global Banking & Finance Review®

    Posted on July 23, 2025

    3 min read

    Last updated: January 22, 2026

    Turkey nears Eurofighter jet purchase after UK, German agreements - Headlines news and analysis from Global Banking & Finance Review
    Why waste money on news and opinion when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Tags:International tradeforeign currency

    Quick Summary

    Turkey is nearing a deal to acquire Eurofighter Typhoon jets from the UK and Germany, enhancing its defense capabilities amid regional tensions.

    Table of Contents

    • Turkey's Eurofighter Jet Acquisition
    • Details of the Agreements
    • Impact on Defense Industry
    • Future Negotiations with the US

    Turkey Moves Closer to Eurofighter Jet Acquisition with UK and Germany Deals

    Turkey's Eurofighter Jet Acquisition

    By Ezgi Erkoyun

    Details of the Agreements

    ISTANBUL (Reuters) -Turkey reached deals with NATO allies Britain and Germany on Wednesday that pave the way to acquiring dozens of Eurofighter Typhoon jets, which Ankara has sought to bolster defences in an increasingly volatile region.

    Impact on Defense Industry

    Britain signed a preliminary deal allowing Ankara to operate the jets while Germany approved delivery of 40 of them to Turkey, which has relied on both foreign purchases and its own defence industry projects, including domestic jets, to ramp up deterrence.

    Future Negotiations with the US

    Beyond the Eurofighters, Ankara is also in talks with Washington to purchase 40 F-16s.

    Israel's attacks on regional countries, including its 12-day conflict with Turkey's neighbour Iran and more recent strikes on another neighbour Syria, have unnerved Ankara, prompting a push for rapid armament in order to counter any potential threats.

    Turkey has been in talks since 2023 to purchase 40 Eurofighter Typhoons, which are built by a consortium of Germany, Britain, Italy and Spain, represented by Airbus, BAE Systems and Leonardo.

    Speaking at a signing ceremony with British Defence Secretary John Healey in Istanbul, Defence Minister Yasar Guler said the deal brought Turkey "one step closer to a fully comprehensive agreement" on the jets, adding it would also strengthen NATO and Turkey's aerial capabilities.

    "We welcome this positive step toward our country joining the Eurofighter Typhoon club, and want to reiterate our mutual ambition to complete the necessary arrangements as soon as possible," he said.

    Guler also told reporters that the composition of the planned acquisition was for 40 jets but that different options were being considered.

    NEW LEASE OF LIFE FOR BAE UK FACTORY

    Separately, the German government - initially opposed to the sale - has cleared the way for the delivery of 40 jets to Turkey following a positive decision by the Federal Security Council, the Spiegel news magazine reported on Wednesday.

    The German defence ministry declined to comment and the Federal Council, whose approval is needed for arms exports, does not generally comment on its decisions.

    The agreements come after weeks of positive statements from Ankara and the Eurofighter consortium on the sale, with Turkish President Tayyip Erdogan praising the German and British stance on the issue this week.

    Britain said negotiations with Turkey over an ultimate sale will continue over the coming weeks.

    The deal would be the first export order secured by Britain for the jet since 2017 and would give a new lease of life to the final assembly line at BAE's factory in northern England.

    Prime Minister Keir Starmer said the multi-billion dollar agreement with Turkey would "sustain and protect 20,000 UK jobs for future years to come", while an official at BAE Systems said last week the company was confident of winning new orders from countries, including Turkey.

    (Additional reporting by Tuvan Gumrukcu, Ece Toksabay and Rachel More; writing by Tuvan Gumrukcu; Editing by Jonathan Spicer, Bernadette Baum and Emelia Sithole-Matarise)

    Key Takeaways

    • •Turkey is close to acquiring Eurofighter Typhoon jets.
    • •Agreements reached with UK and Germany for jet purchase.
    • •Turkey aims to enhance defense in a volatile region.
    • •Negotiations with the US for F-16s are ongoing.
    • •Deal supports UK jobs and BAE Systems' operations.

    Frequently Asked Questions about Turkey nears Eurofighter jet purchase after UK, German agreements

    1What is NATO?

    NATO, or the North Atlantic Treaty Organization, is a military alliance of countries from North America and Europe established for mutual defense against aggression.

    2What are Eurofighter Typhoon jets?

    Eurofighter Typhoon jets are advanced multirole combat aircraft designed for air superiority, ground attack, and reconnaissance missions, developed by a consortium of European aerospace companies.

    3What is the defense industry?

    The defense industry encompasses companies and organizations involved in the development, production, and support of military equipment, technology, and services.

    4What is foreign currency?

    Foreign currency refers to the money used in other countries, which can be exchanged for domestic currency and is often involved in international trade and finance.

    More from Headlines

    Explore more articles in the Headlines category

    Image for Rugby-Ford shines as England overwhelm dismal Wales 48-7 to kickstart Six Nations title bid
    Rugby-Ford shines as England overwhelm dismal Wales 48-7 to kickstart Six Nations title bid
    Image for Soccer-Arsenal go nine points clear, Man Utd win again under Carrick
    Soccer-Arsenal go nine points clear, Man Utd win again under Carrick
    Image for Former French minister Lang resigns from Arab World Institute over Epstein ties
    Former French minister Lang resigns from Arab World Institute over Epstein ties
    Image for Hooded protesters throw flares at police at end of demonstration in Olympic host city Milan
    Hooded protesters throw flares at police at end of demonstration in Olympic host city Milan
    Image for Greenland foreign minister says US talks are positive but the outcome remains uncertain
    Greenland foreign minister says US talks are positive but the outcome remains uncertain
    Image for Hungary's opposition Tisza promises wealth tax, euro adoption in election programme
    Hungary's opposition Tisza promises wealth tax, euro adoption in election programme
    Image for Thousands protest in Berlin in solidarity with Iranian uprisings
    Thousands protest in Berlin in solidarity with Iranian uprisings
    Image for Farmers report 'catastrophic damage to crops as Storm Marta hits Spain and Portugal
    Farmers report 'catastrophic damage to crops as Storm Marta hits Spain and Portugal
    Image for France opens probe against ex-culture minister lang after Epstein file dump
    France opens probe against ex-culture minister lang after Epstein file dump
    Image for If US attacks, Iran says it will strike US bases in the region
    If US attacks, Iran says it will strike US bases in the region
    Image for Suspected saboteurs hit Italian rail network near Bologna, police say
    Suspected saboteurs hit Italian rail network near Bologna, police say
    Image for Police fire water cannon at protesters hurling smoke bombs in Olympic host Milan
    Police fire water cannon at protesters hurling smoke bombs in Olympic host Milan
    View All Headlines Posts
    Previous Headlines PostUS-funded contraceptives for poor nations to be burned in France, sources say
    Next Headlines PostChina's yuan undervaluation fuels euro zone trade deficit, German study shows