Editor’s Note: The following report is excerpted from Joseph Farah’s G2 Bulletin, the premium online newsletter published by the founder of WND. Subscriptions are $99 a year or, for monthly trials, just $9.95 per month for credit card users, and provide instant access for the complete reports.

WASHINGTON – As Iran shows rapid progress in developing its military and defense industries, there is increasing interest in Egypt for an actual military alliance between Iran and Egypt, a development which would change the balance of power in the region, according to a report in Joseph Farah’s G2 Bulletin.

“The military alliance between Iran and Egypt will change the strategic power balance in the region,” said Egyptian Gen. Tala’t Moslem, who also stressed that such an alliance would block “the expansionist policies of the Zionist regime,” referring to Israel.

Moslem particularly praised Iran’s indigenously made high technology military equipment, including its production of stealth aircraft and drones. He and other Egyptians also have been impressed with Iran’s advancements in missile technology and production of home-made fighter jets, the Saeqeh, or Thunderbolt, and Azarakhsh, or Lightning.

Some of the missiles include medium and long-range delivery systems, such as the Sejjil and the Shahab series of missiles, as well as the Qadr, Sahab and Zelzal.

In addition, the Iranian army recently displayed an upgraded version of the Zolfaqar battle tank. It is a second generation of Iran’s main battle tank.

Iran began in earnest to develop its own indigenous arms program during the 1980-1988 Iran-Iraq war following the U.S. arms embargo that ultimately shifted U.S. support to Iraq.

Since 1992, Iran has produced its own tanks, armored personnel carriers, tactical and strategic missiles, helicopters, drones and fighter aircraft and is now producing its own surface vessels and submarines.

Keep in touch with the most important breaking news stories about critical developments around the globe with Joseph Farah’s G2 Bulletin, the premium, online intelligence news source edited and published by the founder of WND.

For the complete report and full immediate access to Joseph Farah’s G2 Bulletin, subscribe now.

Note: Read our discussion guidelines before commenting.