First foreign sales likely for Dassault’s Rafale, if deal with Libya goes through

12 Dec 2007

1

Libya has apparently expressed a "strong intention" to buy 14 Rafale fighter jets as well as 35 helicopters and military equipment in a deal that may be worth 4.5 billion euros ($6.6 billion), a French presidential source said Dec. 10.

The two countries signed a ''memorandum of understanding'' detailing a list of military hardware, including the Rafales and helicopters, which will be negotiated in detail on July 1, sources said.

The memorandum of understanding was one of around 10 contracts signed by French president Nicolas Sarkozy and Moamer Kadhafi on Dec. 10, the first day of the Libyan leader's five-day visit.

Other items on the list include six boats, armoured vehicles, radars and the delivery of upgraded Mirage F-1s already bought by Libya.

The sale of the Rafales ''if it goes through'' will be the first foreign sale of the French-made aircraft.

Latest articles

Global Chip Sales Expected to Hit $1 Trillion This Year, Industry Group Says

Global Chip Sales Expected to Hit $1 Trillion This Year, Industry Group Says

Citi to Match Government Seed Funding for Children’s ‘Trump Accounts’

Citi to Match Government Seed Funding for Children’s ‘Trump Accounts’

Huawei-Backed Aito Partners With UAE Dealer to Enter Middle East Market

Huawei-Backed Aito Partners With UAE Dealer to Enter Middle East Market

AI is No Bubble: Nvidia Supplier Wistron Sees Order Surge Through 2027

AI is No Bubble: Nvidia Supplier Wistron Sees Order Surge Through 2027

Tech Selloff Weighs on Asian Markets; Indonesia Slides After Moody’s Outlook Cut

Tech Selloff Weighs on Asian Markets; Indonesia Slides After Moody’s Outlook Cut

Amazon Plans $200 Billion AI Spending Surge; Shares Slide on Investor Jitters

Amazon Plans $200 Billion AI Spending Surge; Shares Slide on Investor Jitters

Server CPU Shortages Grip China as AI Boom Strains Intel and AMD Supply Chains

Server CPU Shortages Grip China as AI Boom Strains Intel and AMD Supply Chains

OpenAI launches ‘Frontier’ AI agent platform in enterprise push

OpenAI launches ‘Frontier’ AI agent platform in enterprise push

Toyota set for third straight quarterly profit drop as costs and tariffs weigh

Toyota set for third straight quarterly profit drop as costs and tariffs weigh