The 5.2-billion-euro (USD 5.9 billion) deal is a historic first foreign sale of the Rafale for France, which is set to sign the contract in the Egyptian capital on Monday.
Rights group Amnesty International has criticised the sale of the jets and a frigate to a nation that it has accused of "alarming" human rights abuses.
The United States -- a long-time strategic partner of Egypt, to which it gives about USD 1.5 billion in aid each year including roughly USD 1.3 billion in military assistance -- has played down the impact of the sale.
US-Egyptian relations have been strained since the military deposed Islamist president Mohamed Morsi in July 2013 and launched a brutal crackdown on his supporters.
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Morsi, the country's first freely elected head of state, was toppled by then army chief and now President Abdel Fattah al-Sisi following massive protests against his controversial one-year rule.
Sisi was elected president in May 2014 with 96.91 percent of the vote.
More than 1,400 people have died in the crackdown on Morsi supporters.
The brutal repression of Morsi supporters prompted Washington to freeze part of its aid to Cairo in October 2013 and demand that Egypt implement democratic reforms.
"The contract (with France) is an implicit message to the United States signifying that Egypt will no longer count exclusively on US weapon supplies," said retired Egyptian army general Mohammed Mujahid al-Zayyat.
Egypt no longer wants to be "blackmailed" in its relations with the United States, said Zayyat, an expert with the Cairo-based National Centre for Middle East Studies.
Egypt signed a peace treaty with Israel in 1979 but relations between the two neighbours have never been fully developed and remain frosty over Israeli policies towards the Palestinians.