Mistral Ships Update: Failed Deals With Russia, Egypt And India Militaries Will Cost $60 Billion

[NKVD]

Military contract bungles by President François Hollande's government have cost France nearly $60 billion, according to a damning report Tuesday from Boulevard Voltaire, a left-leaning newspaper based in Paris. In addition to the $2.2 billion that the failed Mistral deal with Russia is set to cost, another two fumbled contracts with India and Egypt for hundreds of Dassault Rafale fighter jets will see Paris lose an additional $57 billion.

France's original $1.2 billion deal to build two Mistral warships for Russia was shelved in June after Paris refused to hand over the vessels because of Russia's support for separatist rebels in Ukraine. It's now set to cost France around $2.2 billion in compensation for breach of contract. But that failed deal is just the tip of the iceberg.

India had initially wanted to purchase 126 new Rafale fighter jets from France, but the order was reduced to less than 40 after Defense Minister Manohar Parrika complained that the outlay for the jets, parts and decades of training and refurbishment was too expensive. It now seems that the entire deal could fail as officials from France and India squabble over the final unit price for the remaining jets, according to a Reuters report.

Indian Military Expenditure Over Time | FindTheData

India will instead spend $25 billion on 127 Russian T-50 fifth-generation stealth fighter jets, a far cheaper and more advanced aircraft. Russia will begin delivering the aircraft within the next 36 months.

"The biggest piece of the Indian contract has disappeared for good, since India does not want the 126 planes," notes the Boulevard Voltaire report.

Meanwhile, France's $5.2 billion deal with Egypt for 24 Rafale fighter jets is still going ahead, but issues with cash flow and credit in Cairo have meant that French banks are backing the deal, adding to already heavy public debts. The French economy is currently experiencing slow economic growth and is carrying debts of 98.43 percent of GDP, or $2.2 trillion.

"Though the quality of Egypt's credit is certainly not Greek, it is clearly not excellent either," mentions the Boulevard Voltaire report.

Mistral Ships Update: Failed Deals With Russia, Egypt And India Militaries Will Cost France $60 Billion In Defense Contracts

 

[Pakistanisage]

Good and it serves them right.

The French are the most conniving and backstabbing piece of GARBAGE People on the Planet Earth.

Never trust a Frenchee.....

 

[VelocuR]

Clearly France is not very reliable and not good supplier at all after failing Mistral Ships, Rafale deals, and much more, they are horrible sale marketers and liars. After agreement, they then constantly broke some big deals with some countries.

 

[Abingdonboy]

Military contract bungles by President François Hollande's government have cost France nearly $60 billion, according to a damning report Tuesday from Boulevard Voltaire, a left-leaning newspaper based in Paris. In addition to the $2.2 billion that the failed Mistral deal with Russia is set to cost, another two fumbled contracts with India and Egypt for hundreds of Dassault Rafale fighter jets will see Paris lose an additional $57 billion.

France's original $1.2 billion deal to build two Mistral warships for Russia was shelved in June after Paris refused to hand over the vessels because of Russia's support for separatist rebels in Ukraine. It's now set to cost France around $2.2 billion in compensation for breach of contract. But that failed deal is just the tip of the iceberg.

India had initially wanted to purchase 126 new Rafale fighter jets from France, but the order was reduced to less than 40 after Defense Minister Manohar Parrika complained that the outlay for the jets, parts and decades of training and refurbishment was too expensive. It now seems that the entire deal could fail as officials from France and India squabble over the final unit price for the remaining jets, according to a Reuters report.

Indian Military Expenditure Over Time | FindTheData

India will instead spend $25 billion on 127 Russian T-50 fifth-generation stealth fighter jets, a far cheaper and more advanced aircraft. Russia will begin delivering the aircraft within the next 36 months.

"The biggest piece of the Indian contract has disappeared for good, since India does not want the 126 planes," notes the Boulevard Voltaire report.

Meanwhile, France's $5.2 billion deal with Egypt for 24 Rafale fighter jets is still going ahead, but issues with cash flow and credit in Cairo have meant that French banks are backing the deal, adding to already heavy public debts. The French economy is currently experiencing slow economic growth and is carrying debts of 98.43 percent of GDP, or $2.2 trillion.

"Though the quality of Egypt's credit is certainly not Greek, it is clearly not excellent either," mentions the Boulevard Voltaire report.

Mistral Ships Update: Failed Deals With Russia, Egypt And India Militaries Will Cost France $60 Billion In Defense Contracts

Clearly a politically motivated report against Mr Hollande. In India's case the French have lost nothing- talks are still on for 126 jets (and more will follow).

 

[Sheikh Hussain]

Clearly a politically motivated report against Mr Hollande. In India's case the French have lost nothing- talks are still on for 126 jets (and more will follow).

I am getting information from few friends in Media that SU-35MKI type deal is being finalized with Rusia as an alternative of Rafale deal. Aim is to have these fighters to counter China. Russia is willing to incorporate some of 5th Gen technologies to SU-35 along with option to integrate Israel Made weapons/sensors and Astra/Brahmose based on IAF requirements. This might not be in Medium Category but will surely be a gamechanger. On top of all his whole package will cost around 70-75% of the proposed Rafale cost!

 

[Abingdonboy]

I am getting information from few friends in Media that SU-35MKI type deal is being finalized with Rusia as an alternative of Rafale deal. Aim is to have these fighters to counter China. Russia is willing to incorporate some of 5th Gen technologies to SU-35 along with option to integrate Israel Made weapons/sensors and Astra/Brahmose based on IAF requirements. This might not be in Medium Category but will surely be a gamechanger.

1) Don't trust the Indian media- they are either clueless or bought off
2) The FGFA and Super Su-30MKI are on the way so the Su-35MKI offers nothing game changing to India.
3) As you have pointed out the Su-35 doesn't fit the medium weight category and this is vital to the IAF that cannot afford to be so top-heavy
4) The MMRCA was entirely geared around strike missions and A2G capabilities, the Su-35, like the Su-30, is designed entirely around air domination and the IAF has plenty of -30MKIs for that, what it needs is a medium rate, multi-role fighter with high availability (what the Rafale is, what the Su-30/5 is not).

The Rafale is on the way- no amount of BS from the Indian media or attempts at sabotage from vest interests will change this.

 

[Mohd. Kamran]

I am getting information from few friends in Media that SU-35MKI type deal is being finalized with Rusia as an alternative of Rafale deal. Aim is to have these fighters to counter China. Russia is willing to incorporate some of 5th Gen technologies to SU-35 along with option to integrate Israel Made weapons/sensors and Astra/Brahmose based on IAF requirements. This might not be in Medium Category but will surely be a gamechanger. On top of all his whole package will cost around 70-75% of the proposed Rafale cost!

good choice i don't even want to hear that name "rafale" :/

 

[Hulk]

Clearly a politically motivated report against Mr Hollande. In India's case the French have lost nothing- talks are still on for 126 jets (and more will follow).

Dude, I would like to have u on my contact, like twitter etc, possible?

 

[Malik Alashter]

It's all about politics.

It's not only French its also Russia China and the US.

 

[Abingdonboy]

Dude, I would like to have u on my contact, like twitter etc, possible?

Don't have a twitter mate, you can contact me on tumblr or at abingdonboy1@gmail.com if you'd like

 

[Hulk]

Don't have a twitter mate, you can contact me on tumblr or at abingdonboy1@gmail.com if you'd like

Thanks, sent u email.