Egypt produces its own "American" weapons, and I do not think that An Egyptian field marshal will say things without knowing all the facts about His forces and the potential enemy forces.
A good portion of their Jets are not produced in house, their best combat aircraft the F-16 which i believe they have 200 of them, none of their components are produced in Egypt. Secondly the F-16's do not have BVR capabilities, now that is a handicap that the aircraft that make up a huge chunk of your air force do not have BVR capabilities. Also these F-16's are susceptible to arms embargo from America.
Now coming to their Tanks, according to Janes defence Egypt only produces 40% of the Abrams in house, 60% is shipped from the US for final assembly in Egypt:
Late in 1988 the US and Egypt signed a Memorandum of Understanding (MoU) allowing Egypt to co-produce up to 555 General Dynamics Land Systems M1A1 Abrams MBTs. Under the terms of this first MoU some 40 per cent of the tank's components would be manufactured in Egypt with the remainder being produced in the US and shipped to Egypt for final assembly.
Egyptian production of the United States M1A1 Abrams MBT (Egypt) - Jane's Armour and Artillery
So in event of a war with israel i don't think US would continue to ship that 60%.
Egypt has a large quantity of SAM's to make up for their lack of BVR capabilities in their air force. But the problem is israel has satellites that can locate and pin point their locations to their cruise missiles and take them out.
IMHO, Egypt's best bet is fighting a defensive war, if they go on the offensive then they will risk losing valuable men and machine far quicker than they would in a defensive war.
Besides, lets not forget, israel is the daddy of the West, so whatever West gives to Arabs they only give better to israel.
The best their airforce has to offer is the F16. Israel has a larger F-16 fleet and F-15's and F-15 Strike eagle, with F-35 to be included. All upgraded with their own avionic systems, and their own missle systems.
Combine that with the training and experiance of Israeli pilots, and you have a very potent airforce.
Unfortunately that is true, Egypt's best is israel's not so best. Every aircraft in the israeli arsenal is BVR capable, from their F-16's to their F-15's.
I just cannot see how Egypt has an advantage. The Soviets are no longer there to supply SAM's or Saggars.
Secondly the M1 tanks are the basic versions not the M1A2's used by the US army.
The thing is the M1A1 was only effective against outdated Iraqi Tanks, its never faced a potent threat of equal or superior capabilities in the battlefield. Not sure how an M1A1 would fare against a Merkeva.