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Egyptian follow-on Rafale contract signature depends on bank loan confirmation

5th May 2021 - 10:00 GMT | by Jean-Marc Tanguy in Paris

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A French Air and Space Force Rafale, pictured in mid-April 2021 during Exercise Iniochos in Greece. (Photo: Jean-Marc Tanguy)

Order from Egypt for 30 more Rafales will not affect deliveries to the French Air and Space Force, and the contract does not include industrial offsets for Egyptian companies.

More details have emerged about the deal announced on 3 May for Dassault to sell an extra 30 Rafale fighter aircraft to Egypt.

Advisers to Florence Parly, French Minister of the Armed Forces, explained that the almost €4 billion ($4.81 million) deal comprises 18 single-seater and 12 two-seater F3R Rafales.

Speaking to Shephard, the advisers said that the contract is not yet active: it will be when all aspects are settled, including a bank loan that is 85% guaranteed by the French state.

Contract signatures are expected in June or July, with deliveries pencilled in for 2024-2026.

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