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Aircraft. Dassault Aviation up on stock exchange after order with Egypt

30 Rafale fighters for the African nation

An important rise in the stock market that was easily predictable in light of the latest announcements. Dassault Aviation, a French aeronautical company that deals with the design and production of aircraft, recorded an increase of 7.5 percentage points in Paris, reaching 979 Euros (read also the news published by AVIONEWS). This is the inevitable consequence of the maxi-order signed with Egypt, namely 30 Rafale fighters for a total amount of 3.75 billion euros. Confirmation of the agreement also came from the African nation, more precisely from the local defense ministry. Among other things, there will be a 10-year line of financing for what is the second order of this size for the military aircraft in question in Egyptian territory in the last six years (the previous one dates back to 2015). It seems that the agreement has been signed a few days ago, although it took time for the actual formalization. On the other hand, France was the first country as regards the supply of armaments to Cairo in the period between 2013 and 2017, also taking into account warships. The end of 2020 could have hinted at what the evolution just described would have been. Indeed, in December the transalpine president Emmanuel Macron met his Egyptian colleague Al Sisi in Paris on the occasion of the conferral of the Legion of honor on the latter.

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AVIONEWS - World Aeronautical Press Agency