Egypt has ordered Meko A-200 frigates from German company ThyssenKrupp Marine Systems (TKMS), according to French and German newspaper reports.
La Tribune reported on 5 November that the frigate deal was signed in September, is worth EUR2 billion (USD2.3 billion) and covers four A-200s, one of which will be built in Egypt.
Citing industry sources, Handelsblatt corroborated the report two days later, but said the contract was worth around EUR1 billion and had not yet come into effect. It did not say how many ships it covers.
Egyptian officials, TKMS, and the German government have not confirmed the existence of the deal.
Want to read more? For analysis on this article and access to all our insight content, please enquire about our subscription options at ihsmarkit.com/janes