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http://www.latribune.fr/entreprises-fin ... 55043.htmlEgyptian President Abdel Fattah al Sissi arrives in France on Monday, where he will meet Emmanuel Macron.
Contracts could fall in arms, and rumor has it that Egypt is about to lift the option to buy an additional 12 Rafale.
This option is indeed included in his contract signed in February 2015 for 24 aircraft.
Egypt had been the first client of the Rafale.
Egypt therefore opted for 24 Rafale, with an option for 12 additional aircraft.
These are the latter who are on the table today during the visit of the controversial president Abdel Fattah al Sissi.
As "always" during this kind of official visit of a large industrial customer,
the big French houses hope for big economic spinoffs.
In the armament, are mentioned a contract of about 200 million euros in telecom satellite (Airbus Space Systems and Thales Alenia Space), two new corvettes Gowind and a FREMM (which would be the second frigate multimissions Egyptian),
Safran Patroller tactical drones,
MBDA missiles,
and finally Airbus, 36 NH90 helicopters and a dozen A400M carriers.
Yes the list is long, and ambitious.
The Tribune believes however know this Monday morning
that the lifting of the Egyptian option for these 12 Rafale is blocked
by the Ministry of Economy.
Bercy blocks all contracts with Egypt, military or civil,
because of uncertainties about the country's payment facilities.
We will also remember the financial arrangements
made at the time between BPI France and Saudi Arabia for the first contract in Egypt.
Clarification will therefore be needed during the official visit of the Cairo authorities.
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Egypt would like to lift the option, which concerns the purchase of twelve additional Rafale. Egyptian President Abdel Fattah al Sissi will be in Paris from Monday.
More than two years after being offered 24 Rafale, Egypt's President Abdel Fattah al Sissi would like to lift the option,
which concerns the purchase of twelve additional Rafale.
The negotiations, which began since the end of spring 2016 between Dassault Aviation and the Egyptian army , reportedly rocketed,
according to our information,
on the financing of this sale.
Bercy does not wish to grant the same guarantees as two years ago.
Which is not a surprise.
Yet this is what the Egyptians demand.
The visit from Monday to Paris of Abdel Fattah al Sissi, who will meet for the first time Emmanuel Macron during a three-day official visit,
could untie this operation ... or not.
The trend was not optimistic in recent days. Emmanuel Macron will he twist his arm to Bercy? To be continued.
In addition to the 12 Rafale, French manufacturers are offering two new Gowind corvettes in Cairo as well as a new multimission frigate (FREMM).
The armament of the first four Gowinds, sold in 2014, was bought in small quantities by Egypt at MBDA (Exocet and VL-Mica). For its part, Safran offers the tactical drone Patroller, which was chosen by the French army.
Airbus Helicopters pushes the NH90 transport helicopter:
24 copies including 12 TTH (land version) and 12 NFH (marine version).
Finally, Airbus would like to sell to Egypt the A400M military transport aircraft in Egypt (10 to 12 aircraft).