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Tuesday, September 29, 2009

French arms sales rise to $9.7bn

RafaleDeals with Brazil, Saudi Arabia and Morocco pushed French arms sales up 13 percent last year to their highest level since 2000, the government said on Monday.

The increase follows a drive under President Nicolas Sarkozy to support defence export companies that, according to the government, directly or indirectly provide 50,000 jobs in France.

French companies took new orders worth 6.6 billion euros (US $9.7 billion), strengthening France’s grip on fourth place in the league table of global arms exporters behind the United States, Britain and Russia, the defence ministry said.

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