LONDON, July 13 (UPI) -- BAE Systems announced a 10-year partnership Wednesday with the U.K. Ministry of Defense to support the Typhoon fleet.
The deal is expected to be worth $2.7 billion and signed soon.
Working with the Royal Air Force and Leonardo-Finmeccanica, the partnership will seek ways to further reduce fleet operating costs by more than a third at RAFs Coningsby and Lossiemouth, BAE said in a statement.
BAE said the deal could see savings of more than $658 million that would be reinvested to develop new aircraft capabilities.
The deal will combine supplier contracts from across Europe into a single program, BAE said.
Combining support arrangements into one program will help increase reliability and availability of the fleet, while making support more affordable, BAE said.
CORRECTION: An earlier version of this story incorrectly named Raytheon as the corporate partner. It is BAE Systems.