French weapons sales hit a record high of more than 20 billion euros ($21.33 billion) in 2016 after submarine contracts in Australia and fighter jet sales to India, France's defence minister said.

French weapons sales hit a record high of more than 20 billion euros ($21.33 billion) in 2016 after submarine contracts in Australia and fighter jet sales to India, France’s defence minister said.
“In 2015, we hit our historical exports figure of 17 billion euros,” Jean-Yves Le Drian said in a New Year’s speech to defence officials late on Thursday.
You May Also Want To Watch:
“For 2016, the total is not yet tallied, but I can say that thanks to the Australia contract, we have reached a new summit with more than 20 billion euros in sales.”
Australia and France formally sealed an agreement on December under which French naval contractor DCNS will build a new fleet of 12 submarines, a deal that could ultimately be worth $38 billion.
Paris also completed a deal for the sale of 36 high-end Rafale fighter planes from Dassault worth about $9 billion.
Get live Stock Prices from BSE and NSE and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.