Monday, January 05, 2026 | 01:59 AM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

Oz, India deals boost French arms sales to record 20 bn euros in 2016

Paris completed a deal for sale of 36 high-end Rafale fighter planes from Dassault

.

.

Reuters Paris

French weapons sales hit a record high of more than 20 billion euros ($21.33 billion) in 2016 after submarine contracts in Australia and fighter jet sales to India, France's defence minister said.

"In 2015, we hit our historical exports figure of 17 billion euros," Jean-Yves Le Drian said in a New Year's speech to defence officials late on Thursday.

"For 2016, the total is not yet tallied, but I can say that thanks to the Australia contract, we have reached a new summit with more than 20 billion euros in sales."

Australia and France formally sealed an agreement on December under which French naval contractor DCNS will build a new fleet of 12 submarines, a deal that could ultimately be worth $38 billion.

 

Paris also completed a deal for the sale of 36 high-end Rafale fighter planes from Dassault worth about $9 billion.

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jan 20 2017 | 5:00 PM IST

Explore News