A flight deck techician stands as a Rafale fighter jet prepares to take off from the aircraft craft carrier Charles de Gaulle operating in the Gulf following a mission over Iraq, Feb. 25, 2015. AFP PHOTO/PATRICK BAZ
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Thales SA, the French maker of radars and electronic-warfare systems for the Rafale fighter plane, said Middle Eastern orders should jump 50 percent to 3 billion euros ($3.4 billion) this year as conflicts spur defense demand. Deals in the region are likely to account for 20 percent of global orders at Thales, up from 15 percent, or 2 billion euros, in 2014, even as receipts from oil exports are diminished by the lower price of crude oil, Chief Executive Officer Patrice Caine said in an interview at the Idex expo in Abu Dhabi. Caine said other growth markets include Qatar, the United Arab Emirates, Oman and Egypt, which on Feb. 16 ordered 24 Dassault Aviation SA Rafales and a DCNS SA FREMM frigate, from which Thales gets 25 percent and 20 percent of the value respectively.
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