Cairn Energy

State Department nods to USD 2.5 bn arms sale to Egypt

US green-lights USD 2.5 bn Egypt arms sale: Egypt could spend as much as USD 2.5 bn (EGP 39.3 bn) on American fighter jets and radar systems after the State Department yesterday (statements: here and here) green-lit the sale. The government wants to purchase 12 Super Hercules planes from US defense giant Lockheed Martin for…