Horizon Aerospace Technologies, a subsidiary of Horizon Technologies, finished DSEI with the announcement of a $1 million sale of its FlyingFish system.
Egyptian follow-on Rafale contract signature depends on bank loan confirmation
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.
The sources …
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