Anti-tank guided missiles are set to arrive at an air force base in Beirut, overseen by French Defence Minister Jean-Yves Le Drian and his Lebanese counterpart, Samir Mokbel.
France is expected to deliver 250 combat and transport vehicles, seven Cougar helicopters, three small corvette warships and a range of surveillance and communications equipment over four years as part of the $3 billion (2.8 billion-euro) modernisation programme.
It is being entirely funded by Saudi Arabia, which is keen to see Lebanon's army defend its borders against jihadist groups, particularly the Islamic State group and Al-Qaeda- linked Al-Nusra, instead of leaving the job to Hezbollah militants, who are backed by its regional rival, Iran.
The contract also promises seven years of training for the 70,000-strong Lebanese army and 10 years of equipment maintenance.
"This project is to help us re-establish a Lebanese army capable of responding to new security realities," said a French defence official.
Since the conflict in neighbouring Syria broke out in 2011, Lebanon has faced mounting spill-over threats, first from the millions of refugees pouring across the border and increasingly from jihadists.
"There are an estimated 3,000 armed militants based on our border, waiting for the moment to penetrate into the Bekaa valley," said Hisham Jaber, a former general now at the Middle East Centre for the Study of Public Relations in Beirut.
"They haven't come for tourism or to go skiing."
Former colonial power France is actually a late-comer to the conflict, with almost all Lebanon's international support coming from the United States and Britain in recent years.
France only won the contract to supply the Lebanese army, argued analyst Aram Nerguizian, because Saudi Arabia had been frustrated by US and British refusal to attack the Syrian regime in 2013.
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