Headlines
Ukraine signs deal to obtain 100 French-made Rafale warplanes
Published by Global Banking and Finance Review
Posted on November 17, 2025
3 min readLast updated: January 21, 2026
Global Banking and Finance Review
Company
Published by Global Banking and Finance Review
Posted on November 17, 2025
3 min readLast updated: January 21, 2026
Ukraine signs a deal to acquire 100 Rafale warplanes from France, enhancing its defense capabilities against Russia with additional air defense systems.
By Michel Rose and Alessandro Parodi
PARIS (Reuters) -Ukraine will obtain up to 100 French-made Rafale warplanes over the next 10 years under a deal signed on Monday, both countries said, as Kyiv seeks to bolster its defences against Russia's invasion.
Air defence systems, munitions and drones were also included in the letter of intent signed by Ukrainian President Volodymyr Zelenskiy and his French counterpart Emmanuel Macron in front of one of the jets and both their flags.
"It will be the greatest air defence, one of the greatest in the world," Zelenskiy told reporters at the event at France's Villacoublay military airport.
Shares in Dassault, which makes the jets, rose sharply on the news and were 8% higher at 1245 GMT.
AIM FOR LONGER-TERM SUPPORT
The announcement comes after a surge of Russian drone and missile attacks on Ukraine in recent weeks, and Moscow's reports of ground advances in the southeastern Zaporizhzhia region.
The letter of intent was a political commitment, rather than a purchase deal, which would come later, the Elysee said. The aim was to finance it with EU programmes and the planned use of frozen Russian assets, which the EU still has to agree.
It covered new material rather than transfers from French stocks, the Elysee added.
"We're planning Rafales, 100 Rafales - that’s huge. That’s what’s needed for the regeneration of the Ukrainian military," Macron told LCI TV.
The aim was to help Ukraine in the short term with drones, drone interceptors and other gear - and also in the longer term to allow it to fight off any new incursion once there is a peace deal, he added.
The deal includes the acquisition of the new generation of the SAMP/T air-defence batteries, which is currently being developed, and AASM Hammer air-to-surface munitions, both sides said.
There have been talks for several weeks to see how France could provide more military support for Ukraine's air defences, though there have been questions about how much Macron's government will be able to do as it grapples with political and budgetary instability.
France, along with Britain, has pushed for the creation of a coalition of about 30 countries willing to send troops and assets to Ukraine or along its western borders once a peace deal with Russia is agreed.
Operating the advanced Rafale jets would take time given the rigorous training programme for pilots.
(Additional reporting by Alessandro Parodi, Olena Harmash, Florence Loeve, Anastasiia Malenko, Sudip Kar-Gupta;Writing by Ingrid Melander, John Irish and Michel Rose;Editing by Mark Heinrich, Frances Kerry and Andrew Heavens)
Military acquisition refers to the process of obtaining military equipment, weapons, and technology to enhance a nation's defense capabilities.
Air defense systems are military technologies designed to detect, track, and intercept airborne threats, such as missiles and aircraft.
Economic implications in defense contracts can include impacts on local economies, job creation, and financial benefits for companies involved in military production.
Munitions refer to military weapons, ammunition, and related equipment used in armed conflict.
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