Author: Elodie Collins|| Date Published: September 25, 2024
Egypt has secured approval from the U.S. State Department to acquire 720 Stringer missiles and other equipment and services under the Foreign Military Sales program.
The Defense Security Cooperation Agency said Tuesday the potential deal is estimated to cost $740 million, citing RTX (NYSE: RTX) as the principal contractor.
According to DCSA, Cairo also intends to buy 20 product verification flight test munitions, spare and repair parts, test equipment and engineering, technical and logistics support.
The sale is expected to strengthen the country’s capability to defend itself and support political stability and economic growth in the Middle East.
The Stinger missile is in high demand, especially among European countries amid rising Russian threats. In December, the State Department approved the $780 million sale of IM-92K Stinger Block I missiles to Germany, Italy and the Netherlands.
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