(Bloomberg) -- The U.K. has signed a memorandum of intent with Saudi Arabia..BAE Systems trading higher following the news..Link to Statement: BAE SYSTEMS PLC BA. MOI between KSA & the UK Government.To contact the reporter on this story: Edward Dufner in Dallas at edufner@bloomberg.net. .To contact the editor responsible for this story: Julie Alnwick at jalnwick@bloomberg.net. .©2018 Bloomberg L.P.