Argentina inks deal to buy 24 F-16 jets from DenmarkThe contract, which is worth $320 million, also includes reconnaissance pods and training armaments, such as AIM-9X and AIM-120 missiles.7 months ago
Australia’s DefendTex in talks to buy Brazil’s missile-maker AvibrasDespite a reported debt, Avibras is still actively competing for contracts on the international stage.7 months ago
Brazilian bank backtracks on move to stop financing defense industryThe government said the latest decision reinforces the importance of structured financial policies.
Major Brazilian bank ceases financing for local defense industry"Without this, it’s impossible to close contracts. The effect of this measure can be catastrophic."
Czech ammo maker Colt CZ to buy Brazilian-owned competitorColt CZ is expected to finalize the deal in the first half of 2024.
South Korea picks Embraer’s C-390 for military transport aircraftSouth Korea now joins Portugal, Hungary, the Netherlands, Austria and the Czech Republic in selecting the plane.
Brazilian firm Mac Jee unveils exploding drone, with demo in monthsA demonstration of the drone is scheduled for next year during the World Defense Show in Saudi Arabia.
UAE’s Edge Group acquires stake in Brazilian missile maker SIATTSIATT has been a partner in the Brazilian government’s MANSUP program, which seeks an anti-ship missile with guidance, control and telemetry systems.
Brazil’s Avibras partners with Spanish firm for artillery competitionSpain wants to spend nearly $750 million to acquire mobile multiple rocket launchers.
Brazil sets up fund for Army’s armored vehicle, missile capabilitiesThe focus on armored vehicles will see various types manufactured by the Iveco, which opened a local factory 10 years ago.