Econostrum | Economic News in the Mediterranean



Egypt orders nearly €4 billion worth of Rafales

Egypt to get 54 Rafale jets (photo: Dassault Aviation - A.Pecchi)
Egypt to get 54 Rafale jets (photo: Dassault Aviation - A.Pecchi)
EGYPT / FRANCE. Dassault Aviation (€5.5 billion in sales and 12,440 employees in 2020) announced on Tuesday, May 4, 2021, that the Egyptian government has placed an order for 30 aircraft. Worth an estimated €3.75 billion (exactly 10% of the French Ministry of Defence's 2020 budget), this acquisition is intended for its air force.

"(This order) testifies to the operational quality of the Rafale, since for the second time an export customer has chosen to order additional aircraft," commented Eric Trappier, CEO of Dassault Aviation.

In February 2015, Egypt had saved the Rafale program (€43.56 billion investment) by being the first foreign country to place an order for twenty-four aircraft. Until then, and since the first deliveries in May 2001 to the Navy, only the French Navy and the French Air Force had materialized their interest in the multi-role fighter that entered service in 2002.

With the additional 30 Rafales announced, Egypt will have 54 Rafales, making it the world's second-largest fleet of this type of aircraft after the French Air Force and Space Force, which had 102 as of July 1, 2020 (42 for the French Navy).

48 orders in 2021

In April 2015, Qatar continued this internationalization with the purchase of twenty-four Rafales for €6.3 billion.

In September 2020, as part of the reorganization of its armed forces, Greece announced its intention to acquire eighteen new and used Rafales, in addition to frigates and helicopters. It was the first European Union member state to choose this model after not signing a contract with Dassault Aviation for 20 years.

Since January 1, 2021, the French manufacturer has already added 48 new aircraft to its order book (30 for Egypt, 12 for France and six for Greece), compared with zero in 2020.

The Rafale, available in three models (B, C and M), can reach a maximum speed of 1,912 km/h and a ceiling of 50,000 feet, or 15,240 meters.

Eric Apim

Tuesday, May 4th 2021

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