The approval came after the government on April 28 obtained a loan of 192.1 million euros to finance this "commercial contract", concluded between the National Defense Administration and the France-based missile maker. The decree was published in Morocco’s Official Bulletin on May 18.
The future acquisition is part of Morocco’s five-year plan, established in 2017, to achieve "regional supremacy" by modernizing the military equipment of its military forces.
MBDA France group is a world leader in the manufacture of missiles and missile defense systems. It was created in December 2001, following a partnership between Airbus and BAE Systems, which both hold a 37.5% share, and Italy’s Leonardo group, which owns the remaining 25%.
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