Sunday, June 20, 2021

Egypt signs contract with France to purchase fighter jets

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Egypt has signed a contract with France to buy thirty Rafale fighter jets worth four point five billion dollars.

President Emmanuel Macron said in December he would not make the sale of weapons to Egypt conditional on a commitment to respect human rights because he did not want to weaken Cairo’s ability to counter violence in the region.



Egypt’s defense ministry which made this known said the deal would be financed through a loan to be repaid in at least ten years but did not give details about the value of the deal or any other information.



The deal would be a further boost for the Dassault made fighter jet after a three point one billion dollars agreement was finalized in January for the sale of eighteen Rafales jets to Greece.




The Egyptian accord also reportedly covers contracts for missile manufacturer MBDA and equipment provider Safran Electronics and Defense which are worth another two hundred and forty one million dollars.


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