On 31 January 2012, it was announced that the Dassault Rafale won the competition and has been selected for exclusive negotiations. The reasons given for selection included lower unit cost and lower overall lifecycle cost for the Rafale compared to the Eurofighter due to lower fuel consumption and simpler maintenance requirements. Some reports indicated that EADS may try to re-enter the bid with a lower price quote, but MoD sources ruled out re-entry; the Rafale's lifecycle cost per unit was about $40 million less than that of the Typhoon. MoD sources also indicated that the final value of MMRCA deal for 126 aircraft (After negotiations) was expected to be about $20–$25 billion.