(Wall Street Journal) Matthew Dalton - Egypt will buy two warships that France originally built for Russia but refused to deliver because of Moscow's role in the conflict in Ukraine, French President Francois Hollande said on Wednesday. Egypt will pay $1.06 billion for the two Mistral class warships, which can carry helicopters, tanks and hundreds of troops, using a sophisticated command-and-control system to guide them in amphibious assaults. Earlier this year, Egypt bought 24 Rafale fighter jets, made by France's Dassault Aviation, for $5.6 billion.
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