IBOV 166,608.52 ▼ 0.57% IPC MEX 70,819.80 ▲ 0.91% MERVAL 2,848,945 — — USD/BRL5.49▲ 0.62% USD/MXN18.75▲ 0.69% USD/CLP977.94▲ 1.18% USD/COP3,244▼ 0.20% USD/PEN3.44▼ 0.09% USD/ARS1,545▼ 0.19% USD/UYU40.22▲ 3.24% USD/PYG6,358▲ 9.88% USD/BOB11.92▲ 1.74% USD/DOP59.96▼ 0.89% USD/CRC449.63▲ 2.27% USD/GTQ7.64▲ 3.16% USD/HNL26.87▼ 0.09% USD/NIO36.62▲ 0.07% USD/VES892.65▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD158.31▲ 3.01% USD/TTD6.64▲ 1.14% EUR/BRL6.16▲ 0.35% BRENT 98.38 ▲ 3.97% WTI 90.70 ▲ 2.93% IRON ORE 161.91 — — COPPER 6.22 ▼ 2.83% GOLD 4,116 ▲ 1.05% SILVER 52.24 ▲ 0.22% SOY 1,190 ▼ 0.29% CORN 440.75 ▼ 0.79% WHEAT 599.25 ▲ 0.13% COFFEE 277.40 ▼ 0.84% SUGAR 18.60 ▲ 0.70% ORANGE JUICE 136.15 ▲ 3.54% COTTON 78.45 ▲ 0.44% COCOA 5,290 ▼ 3.04% BEEF 214.48 ▼ 1.62% CATTLE 320.58 ▼ 3.45% LITHIUM 60.26 ▼ 2.62% PETR4 46.44 ▼ 1.44% VALE3 62.80 ▲ 0.72% ITUB4 39.93 ▲ 0.55% BBDC4 13.82 ▼ 1.71% ABEV3 15.45 ▲ 1.31% BBAS3 16.54 ▲ 0.30% B3SA3 14.28 ▼ 0.14% WEGE3 48.20 ▼ 3.70% PRIO3 62.18 ▲ 0.06% SUZB3 52.17 ▼ 0.34% RENT3 29.10 ▼ 1.22% AZZA3 14.28 ▲ 2.22% CSAN3 2.52 ▲ 5.44% RAIZ4 27.57 ▲ 1.73% PCAR3 2.37 ▲ 3.04% GMAT3 3.66 ▲ 3.68% PSSA3 43.72 ▼ 2.61% CVCB3 0.81 — 0.00% POSI3 3.15 ▼ 0.63% SLCE3 16.34 ▼ 1.57% NATU3 5.34 ▼ 1.48% BRKM5 3.03 ▼ 0.66% RANI3 8.50 ▼ 1.51% CSNA3 4.07 ▼ 0.25% IBOV 166,608.52 ▼ 0.57% IPC MEX 70,819.80 ▲ 0.91% MERVAL 2,848,945 — — USD/BRL 5.49 ▲ 0.58% USD/MXN 18.75 ▲ 0.69% USD/CLP 977.82 ▲ 1.17% USD/COP 3,241 ▼ 0.27% USD/PEN 3.44 ▼ 0.11% USD/ARS 1,545 ▼ 0.19% USD/UYU 40.22 ▲ 3.24% USD/PYG 6,358 ▲ 9.88% USD/BOB 11.92 ▲ 1.74% USD/DOP 60.24 ▼ 0.43% USD/CRC 449.63 ▲ 2.27% USD/GTQ 7.64 ▲ 3.16% USD/HNL 26.87 ▼ 0.09% USD/NIO 36.62 ▲ 0.07% USD/VES 892.65 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 158.31 ▲ 3.01% USD/TTD 6.64 ▲ 1.14% EUR/BRL 6.16 ▲ 0.30% BRENT 98.38 ▲ 3.97% WTI 90.70 ▲ 2.93% IRON ORE 161.91 — — COPPER 6.22 ▼ 2.83% GOLD 4,116 ▲ 1.05% SILVER 52.24 ▲ 0.22% SOY 1,190 ▼ 0.29% CORN 440.75 ▼ 0.79% WHEAT 599.25 ▲ 0.13% COFFEE 277.40 ▼ 0.84% SUGAR 18.60 ▲ 0.70% ORANGE JUICE 136.15 ▲ 3.54% COTTON 78.45 ▲ 0.44% COCOA 5,290 ▼ 3.04% BEEF 214.48 ▼ 1.62% CATTLE 320.58 ▼ 3.45% LITHIUM 60.26 ▼ 2.62% PETR4 46.44 ▼ 1.44% VALE3 62.80 ▲ 0.72% ITUB4 39.93 ▲ 0.55% BBDC4 13.82 ▼ 1.71% ABEV3 15.45 ▲ 1.31% BBAS3 16.54 ▲ 0.30% B3SA3 14.28 ▼ 0.14% WEGE3 48.20 ▼ 3.70% PRIO3 62.18 ▲ 0.06% SUZB3 52.17 ▼ 0.34% RENT3 29.10 ▼ 1.22% AZZA3 14.28 ▲ 2.22% CSAN3 2.52 ▲ 5.44% RAIZ4 27.57 ▲ 1.73% PCAR3 2.37 ▲ 3.04% GMAT3 3.66 ▲ 3.68% PSSA3 43.72 ▼ 2.61% CVCB3 0.81 — 0.00% POSI3 3.15 ▼ 0.63% SLCE3 16.34 ▼ 1.57% NATU3 5.34 ▼ 1.48% BRKM5 3.03 ▼ 0.66% RANI3 8.50 ▼ 1.51% CSNA3 4.07 ▼ 0.25%
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Brazil Buys 36 Swedish Fighter Jets for US$4.5B: Daily

By · December 19, 2013 · 2 min read

By William Jones, Contributing Reporter

RIO DE JANEIRO, BRAZIL – Brazil’s defense minister Celso Amorim has announced that the country has successfully bought 36 Gripen NG fighter jets manufactured by Swedish firm Saab as part of the government’s FX-2 program for the expansion of the country’s air force.

Brazil Buys Swedish Fighter Jets, Rio de Janeiro, Brazil News
Celso Amorim and Dilma Roussef announced that the Brazilian Air Force’s fleet will be updated by 2018, photo by Fabio Rodrigues Pozzebom/ABr.
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The planes, which cost US$4.5 billion, are not expected to be delivered until 2018. While the final procedures of the deal are expected to continue for at least another year, experts suggest that Brazil has negotiated the price of the aircraft to well below their reported market value of US$7 billion.

The government’s decision to choose Saab appears to have been based on the transfer of the flight technology to the Brazilian Air Force. This was part of Brazil’s deal with Saab, which will allow the Swedish-designed fighter jets to be developed with the support of Embraer, the Brazilian aerospace company.

“The winner of the competition for the purchase of 36 fighter jets to the Brazilian Air Force (FAB) is the Gripen NG,” said Celso Amorim. “This plane allows the country to participate in the development of the project, which is a very important aspect (of the decision),” he added.

“We are a peaceful country, but we won’t be defenseless,” president Dilma Rousseff said after the announcement. “A country the size of Brazil must always be ready to protect its citizens, patrimony and sovereignty,” she added.

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Other aircraft manufacturers, such as U.S.-based Boeing and France-based Dassault, had been wooing Brazilian officials in an effort to secure the sale. The scandal over the large-scale U.S.-run spying program that targeted the communications of Brazilian citizens led Brazil to reject Boeing’s offer, according to media reports.

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