Egypt, France To Sign Arms Deal Mid-April
7 April 2016
Egypt and France plan to sign agreements for the purchase of weapons that include fighter aircraft, navy vessels and a military satellite communication system worth €1 billion (US $1.1 billion) during the forthcoming visit of French President Francois Hollande to Cairo, according to French news site La Tribune.
La Tribune reported that the deal, which is expected mid-April, will include the sale of four new navy vessels worth up to €400 million by French naval defense equipment manufacturer DCNS. Two GOWIND corvettes are reported to be part of the upcoming sale.
In terms of the deal, Airbus and Finmeccanica group member Thales Alenia Space will jointly supply the Egyptian defense force with a military satellite communication system worth €600 million.
Source : defensenews.com