BAE Systems will soon land a long-awaited order for Typhoon jet fighters, according to Berenberg, a verdict which has sent the defence giant’s shares climbing.

Saudi Arabia will sign a £4bn deal for 48 of the aircraft within the next six months, say analysts in a bold call that is part of a wide-ranging note on the blue-chip company.

“Saudi Arabia is fighting a war in Yemen and the utilisation rate of its Typhoon and Tornado fighters points to an order,” said analysts Charlotte Keyworth. “There are also a lot of other indicators, such as moves to a renewal of BAE’s five-year support contract for Saudi and a ramping of its activity there.