Egypt and France are close to signing a 5 to 6 billion Euro contract for the sale of twenty Rafale and two FREMM multi-mission frigates.
La Tribune newspaper said on its website today that a French delegation of the Treasury visited Cairo earlier this week to assess the security of Egypt in the event of an agreement with the French manufacturers. The Egyptians have responded positively to the questions and especially the expectations of the French delegation, the report said quoting reliable sources.
Following the treasury delegation visit, the CEOs of Dassault Aviation, Eric Trappier, Herve Guillou of DCNS, and Antoine Bouvier of MBDA were in Cairo on Thursday to discuss an agreement with Egypt to finalize the negotiations, the report said quoting “several sources”.
Earlier, an Egyptian delegation had visited Paris in mid-December purportedly to discuss the arms deal, the report said.
Contracts could be signed “in a few weeks”, according to the report. If the deal goes through, it would be the third success for Dassault after India and Qatar where the French company is in advanced negotiations to sell the Rafale.
The French government is likely to intensify the search of cyber-criminals with the launch of a massive surveillance program to track exchanges that pass through social media, covering audio and video communications. Prime Minister Manuel Valls yesterday announced 54 measures his government was considering since the attacks last week on Charlie Hebdo magazine office
Russia and Egypt have initialed arms contracts worth $3.5 billion, head of Russia's Federal Service for Military-Technical Cooperation, Alexander Fomin said Wednesday
The Taiwanese navy said that the delivery of two Oliver Hazard Perry-class guided missile frigates from the United States is likely to be delayed. According to local media reports, the delivery has been postponed until 2016 Tuesday
DCNS today announced that it has handed over the FREMM (Frégate Européenne Multi-Missions) frigate Tahya Misr to the Egyptian Navy. The handing ceremony took place in presence of General Sedki Sobhy, the Ministry of Defense of the Arab Republic of Egypt, Jean-Yves Le Drian, the French Ministry of Defense, Admiral Osama Rabie, Commander in Chief of the Egyptian Navy, Admiral Bernard Rogel, French Chief of Navy and Hervé Guillou, Chairman and CEO of DCNS
The French ministry of defense announced today that the frigate Aquitaine has successfully fired its first naval cruise missile on May 19. Aquitaine is the first unit in the multi-mission frigate program (FREMM)
USA has approved sending twelve (F-16) fighter jets, 20 Harpoon missiles and 125 M-1 tank modernization kits to Egypt, the White House official said in Deutsche Welle German radio Tuesday. Obama notified in telephone call to Egyptian President Abdel Fattah el-Sisi about his decision to lift a hold on military aid, allowing delivery of twelve F-16 fighter jets, 20 Harpoon anti-ship missiles, and 125 M1A1 Abrams tanks
Saudi Arabia, UAE, Kuwait pumped US$19.5 billion into the Egyptian central bank which enabled French lending institutions to finance Cairos Dassault Rafale fighter purchase
France has closed a €5.2 billion ($5
Dassault Aviation has recorded a 20% downfall in sales last year. However, the manufacturer of the Rafale fighters and Falcon business jets announced an increase of 11% in order intake in 2014, bringing its backlog 8
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