The US Department of Defense has awarded a USD 20 mn Foreign Military Sales contract to Tecmotiv to overhaul engines in Egyptian M60 tanks, the US government said in a press statement. Work is being carried out at Niagara Falls and is scheduled for completion on 25 November, 2020. The statement did not clarify further details on the contract.
More from Enterprise
The digital EGP won’t look different at checkout — but it will work nothing like InstaPay
Every instant payment today depends on your bank or telco.…
Granite is about to test whether Egypt’s funds still need administrators
The asset manager and blockchain builder Tarmiiz have entered the…
Egypt is fixing how deals get executed, but what pushes investors offshore runs deeper than the reforms on the table
Investment Ministry and a Senate committee are both moving to…
Egyptian-UK fintech Zeal raises USD 10 mn to back expansion plans
The London-based, Egyptian-founded fintech is preparing to activate its loyalty…