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Tuesday, May 26, 2015

Russia, Egypt agree on major contract for MiGs - paper

MiG-29 FulcrumRussia and Egypt have agreed on a contract to supply 46 Mikoyan MiG-29 fighter aircraft, the Vedomosti newspaper reported, citing sources in the Russian aviation industry.

The contract could be signed in the very near future, the paper says. A Rosoboronexport spokesman declined to comment. Efforts by the newspaper to reach a spokesperson for the Russian aircraft manufacturing corporation MiG have failed.

Plans to supply the MiG-29 fighters to Egypt were reported a long time ago, the newspaper said. Last year Russia and Egypt signed and are now implementing a contract worth at least $0.5 billion to supply S-300V4 surface-to-air missile systems. The new contract, for 46 MiG-29 armed aircraft, could be worth up to $2 billion, the newspaper said, citing an unnamed aviation industry manager.

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