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UAE signs deal for 80 French Rafale fighter jets: officials
The UAE, one of the French defence industry's biggest customers, also agreed to buy 12 Caracal military transport helicopters, the French presidency said in a statement.
The agreement was signed by Dassault Aviation director-general Eric Trapier as Macron held talks with Abu Dhabi Crown Prince Mohammed bin Zayed on the first day of a visit to the Gulf. By snapping up Rafale planes, built by Dassault Aviation, the UAE is following the lead of Gulf rival Qatar, which has bought 36 of the craft, and Egypt which ordered 24 in 2015 and 30 earlier this year.
BLOOMBERG | €17B ($19B)
The long-delayed accord was announced in a statement from the French presidency following a meeting between Macron and the UAE's de facto ruler, Crown Prince Sheikh Mohammed Bin Zayed Al Nahyan, known as MBZ, on the sidelines of the Dubai Expo.
As well as the fighters produced by Dassault Aviation SA, the UAE is also buying 12 Caracal military helicopters from Airbus SE. The UAE's Mubadala wealth fund signed separate deals totaling another €10 B during the trip.

Dassault Aviation shares jumped as much as 10.5% in Paris, the most in more than a year. Thales SA, which provides missile guidance systems, rose as much as 3.7%.

by Cat on Fri Dec 3rd, 2021 at 06:04:32 PM EST

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