France wins deal to sell Rafale combat jet to Egypt
- 12 February 2015
- From the section Business
France has confirmed a deal to sell 24 Rafale combat jets to Egypt in a deal worth €5bn euros (£3.7bn; $5.7bn).
The deal is a breakthrough for the French defence firm Dassault which has spent years trying to win an export order for the fighter jet.
The deal also includes a naval frigate and related military equipment.
France has benefited from a push by Egypt's President Abdul Fattah al-Sisi to upgrade the nation's military hardware.
Last year France won a contract to sell Egypt four frigates in a €1bn deal - its first big contract from Egypt in around 20 years.
A statement from the office of French President Francois Hollande confirmed the latest deal and said it would be signed in Cairo on Monday by French defence minister Jean-Yves Drian.
France is hoping to sell 126 of the Rafale jets to India, but the deal has yet to be finalised.