WASHINGTON, September 9, 2008 The Defense Security Cooperation Agency notified Congress of a possible Foreign Military Sale to Egypt of TOW 2A Anti-Armor Guided Missiles as well as associated equipment and services. The total value, if all options are exercised, could be as high as $319 million.
The Government of Egypt has requested a possible sale of 6,900 TOW 2A anti-armor guided missiles, plus 28 fly-to-buy missiles. Also included: containers, test sets and support equipment, spare and repair parts, publications and technical data, maintenance, personnel training and training equipment, U.S. Government and contractor technical and logistics support services, and other related elements of logistics support. The estimated cost is $319 million.
This sale will contribute to the foreign policy and national security of the United States by helping to improve the security of a friendly country which has been and continues to be an important force for political stability and economic progress in the Middle East.
Egypt needs these TOW 2A missiles to replenish its aging inventory. Egypt will have no difficulty absorbing these additional missiles into its armed forces.
The sale of this equipment and support will not affect the basic military balance in the region.
Implementation of this proposed sale will not require the assignment of any additional U.S. Government or contractor representatives to Egypt.
The prime contractor will be Raytheon Company, Tucson, AZ. There are no known offset agreements proposed in connection with this potential sale.
There will be no adverse impact on U.S. defense readiness as a result of this proposed sale.
This notice of a potential sale is required by law; it does not mean that the sale has been concluded.