By Sibel Tinar, Senior Contributing Reporter

RIO DE JANEIRO, BRAZIL – Possessing one of the fastest growing defense markets in the world, Brazil has been planning to invest in renovating its navy fleet, and is expected to sign a deal that is worth between R$4-R$6 billion within the next year. The nation is looking to modernize its armed forces through continued investments, due to its potential to be one of the world’s principal oil producers.

To this end, it has . . .

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