February 25, 1999 (by Lieven Dewitte) - The US Government and Egypt are close to announcing approval for sale of 24 new build F-16s for the Egyptian Air Force.
Financing for the sale is in place through the US FMS
program. Once the US Embassy in Egypt
finishes writing the an official letter of offer and acceptance, the deal can be announced to Congress.
Congress isn't likely to oppose the deal, since Egypt already has taken delivery of 196 of the aircraft, and 24 more will not shift the balance of power in the area.
LMTAS' Ft. Worth plant began building this year the first of 21 F-16sordered by Egypt in 1996 under a $670 million contract.