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May 25, 2015

Russia agrees to deliver 46 MiG-29 aircraft to Egypt

Russia has reportedly agreed on a contract worth approximately $2bn with Egypt to supply 46 MiG-29 air superiority fighters.

By Samseer M

mig-29

Russia has reportedly agreed on a contract worth approximately $2bn with Egypt to supply 46 MiG-29 air superiority fighters.

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Russia’s business daily, Vedomosti, cited an aviation industry source, stating that both the countries are expected to sign the deal in the near future.

The new Russian MiG-29 fighter bomber aircraft would replace Egypt’s aging fleet of MiG-21s and Chinese J-7s.

Both the countries started talks over this deal earlier in 2014, and if finalised, it would be the largest MiG-29 order for Russia since the fall of the Soviet Union, according to Sputnik International.

Currently, Egypt operates a fleet of US F-16 fighters, French Mirage 2000 jets and Russian MiG-21s, as well as its Chinese derivatives, J-7s.

"If finalised, it would be the largest MiG-29 order for Russia since the fall of the Soviet Union."

Manufactured by RSK MiG and the Irkutsk Aircraft Production Association, the MiG-29 fighter bomber aircraft is designed to destroy hostile air targets within radar coverage limits, and to destroy ground targets using unguided weapons in visual flight conditions.

The MiG-29 fighter can carry up to two R-27 air-to-air medium-range missiles, six R-73 and R-60 air-to-air short range missiles, four pods of S-5, S-8, S-24 unguided rockets, air bombs weighing up to 3,000kg and a 30mm built-in aircraft gun with 150 rounds of ammunition.

Around 1,600 MiG-29s are currently operational worldwide, and approximately 600 MiG-29s and its variants are in service within the Russian Air Force.

Meanwhile, Russia have started sending S-300VM ‘Antey-2500’ long-range missile defence systems to Egypt in March, under a contract signed in 2014, reported the news agency.


Image: A MiG-29 air superiority fighter. Photo: courtesy of Krasimir Grozev.

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Latest Updates on the Ukraine/Russia Crisis

Whilst at its core a humanitarian crisis, the Russian invasion of Ukraine risks adding materially to existing global economic and supply challenges. We are likely heading into a period in which geopolitics will become a regular part of boardroom discussions. Recent developments have seen Russian companies make significant progress around the world to supply countries with equipment in various Aerospace, Defense & Security sectors. This means that countries dependent on Russian arms for their security calculations should review all purchases and clauses regarding their programs and payments. Download GlobalData’s 5th Ukraine Conflict Executive Briefing to learn more. This report is part of a continued series that is renewed monthly with the latest data and analysis, as the conflict develops and has wider implications across sectors. Access the latest macro-economic forecasts, charts with the latest data, and our updated sanctions tracker, as well as our updated sector scorecards to reflect the current views on the impact of the crisis at a company level.
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