France has closed a €5.2 billion ($5.9 billion) contract for the sale of 24 Rafale fighter jets to Egypt, in what is the first foreign order of the French-built warplanes.
France and Egypt have signed contracts valued at €5.2 billion ($5.9 billion). The contracts include the sale of 24 Rafale from Dassault, FREMM multi-mission frigate by DCNS and Air-to Air Missile, Scalp cruise missile by MBDA and Sagem.
Thales, a member of the Rafale team with both Dassault Aviation and SNECMA (Safran), equips the combat aircraft with systems providing it with a multi-sensor capability such as the RBE2 AESA, the first European combat radar with active electronic scanning antenna, the SPECTRA electronic warfare system, optronics, the communication, navigation, identification suite, avionics, and the power generation systems.
The other contracts include a 2ASM air to ground missile from Sagem and Lacroix for Rafale decoy systems.
Egypt will be paying 50 percent of the amount and the rest by a loan from French Banks. Egypt has to deposit an estimated €500 million in a month,
Egypt has decided to boost its air forces with Rafale fighter jets amid the intense conflict raging across neighboring Libya. Since the overthrow of long-standing leader Muammar Gaddafi in 2011, a number of militia groups have been involved in a power struggle in Libya. Two de-facto governments are currently operating in the country.
The deal with Egypt is considered as a catalyst for its deals with other countries mainly India.
“We are "very confident" that three years of exclusive talks with India on the sale of 126 Rafale jets worth 12 billion euros would soon result in a deal,” Eric Trappier, chief executive of Dassault Aviation said.
French Defence Minister Jean-Yves Le Drian travels to Egypt’s capital Cairo on Monday to sign the contract, which France hopes will lead to further sales of its premier combat jet.
French President François Hollande said the agreement – clinched in only three months of negotiation – provided Cairo with "a quality aircraft" and was important for Egypt "taking into account the threats existing around the country."
The threat from IS group linked militants and Libyan unrest can be a reason for the upgrade. France is also hoping the deal will act as a catalyst to unblock hoped-for sales to other countries.
Parrot, a developer of advanced technology wireless products, has used Dassault Systèmes SOLIDWORKS Industrial Design application to successfully design complex 3D shapes for a future line of drones. This application delivered significant social collaboration benefits to Parrots engineering and design teams through its use of Dassault Systèmes industry-leading cloud-based capabilities
The French President Francois Hollande confirmed the conclusion of the first contract of sale of 24 Rafale fighter aircraft to Egypt, which will be signed on February 16, the Elysee Palace said in a statement Thursday. "The Egyptian authorities have let me know today of their intention to acquire 24 Rafale combat aircraft and a multi-mission frigate and associated equipment
French aircraft manufacturer, Dassault is confirming to conditions laid down in the original request for proposals (RFP) in its conduct of negotiations with the contract negotiations committee (CNC) of the Indian MoD over the sale of 126 Rafale fighters. A senior Indian Air Force (IAF) officer in the know of things told Defenseworld
French banks and an insurance company are expected finance the approximate Euro 6 billion required to purchase 24 Dassault Rafale fighters and a DCNS frigate. Half the amount could come from Coface (French Insurance Company for Foreign Trade) and the rest as loan from a consortium of banks, according to a report in Les Echos publication last Friday
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
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
Dassault may be signing deals with Egypt and Qatar to sell 12 Rafale fighter jets to each of them within the next two months. Egypt and Qatar could convert their options on 12 additional Rafale fighters each by the end of the year and order 24 aircraft altogether, according to the LaTribune publication
The French defence procurement agency DGA has selected Thales and Airbus Defence and Space for constructing future military space-based signals intelligence (SIGINT) system. Thales also has responsibility for the mission payload on board the satellites and for the user ground segment in charge of programming the satellites and the data processing, according to the company press release
The nEUROn UCAV technology demonstrator has completed its test campaign in France with its 100th flight in February, Dassault Aviation announced in its press release on Monday. Throughout this entire campaign, the nEUROn and associated equipment is said to have demonstrated exemplary availability and reliability
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 successfully tested MBDA's Missile de Moyenne Portée, or Medium Range Missile. The MMP is a man-portable anti-armor system that can be fired by a two-man crew or from a vehicle
Israel Gets Two More F-35 “Adir” Jets
Israel Aerospace Secures $50M MRSAM Missile Maintenance Deal with Indian Navy
F-35 Cost to Rise if Turkey Expelled From Program: Former Turkish Foreign...
China Develops Tech to Reduce Fatigue of Helicopter Rotors
China Displays ‘Upgraded’ FC-31 Stealth Jet Model at Paris Airshow 2019
Dearth of Fighter Jets In Paris Air Show Aerial Displays
India To Give The Final Go-ahead To $1.7 Billion C-295 Transport Aircraft
Design of Russian-made 'World's Fastest Helicopter' Ready
US companies sanctioned by China for supplying weapons to Taiwan may be denied rare earth elements (REEs), which have critical...
While the US F-35 stealth aircraft has become one the fastest selling fighter jets in the world aircraft market, thanks...
Russian state-run Almaz-Antey has released additional data on its latest export-version of Buk-M3 Viking air defense missile system (ADMS)
The MiG-29, one of Russias most exported military jet has been upgraded in India that expands its capabilities from an...
Russian fifth generation fighter aircraft (FGFA) Su-57 will for the first time perform flights during the ARMY 2018 event near...
The American-made Patriot and Russian S-400 Triumf air defense systems are currently hogging international orders despite their price tags running...