Brazilian government is offering incentives - a 'line of credits' financing scheme, to the countries buying Brazilian defense products.
The president of the National Bank for Economic and Social Development (BNDES), Maria Sílvia Bastos Marques, announced on Tuesday during LAAD 2017, which is taking place at Rio de Janeiro that customers could receive financing of up to 25 years with a five-year grace period. Loans could cover up to 100% of the value of the sale.
As per the Brazilian Ministry of Defence’s press release, lines of credit to buyers would be offered by the Brazilian Development Bank.
The Government of Brazil considered the provision of a formal line-of-credit system as a crucial factor for boosting exports.
"These [defense industry exports] are different from the usual exports because they are done on a country-to-country basis," Marques said. "What the Brazilian government is doing, in a coordinated way, with the Ministries of Finance, Defense, Foreign Relations and all other bodies involved, is to bring international competitiveness to our industry”.
Minister Jungmann said that the scheme could help Embraer to add new KC-390 and EMB-314 Super Tucano customers.
The Brazilian air force has started testing aerial refueling capabilities of Embraers KC-390 airlifter. "Since the F-5M and KC-390 have different envelopes, it is necessary to find a third envelope, at the intersection of the between the two aircraft, to carry out refueling," Lt
The Brazilian Navy will decommission its sole aircraft carrier, A-12 Sao Paulo, purchased from France in 2000 as the modernization costs are considered excessive by the government. The ship was bought by the then-president Fernando henriquw for US $12 million,
Brazil has approved the sale of its three serviceable pre-owned Super Tucano A-29 attack aircraft to Nigeria. The acquisition of this aircraft by the Nigerian Air Force (NAF) is expected to boost its operational capabilities in tackling insurgence and militancy in the country
The UK Ministry of defense is eyeing to sell its HMS Ocean amphibious assault ship to another government. It's been reported that Brazillan naval chiefs are keen to buy the 21,500 tonne vessel, based HM Naval Base Devonport, after she is decommissioned by the Royal Navy next year, Plymouth Herald reported last Friday
Despite opposition from Moscow, Ukraine's Ukroboronprom has decided to pitch for Indian contracts for the supply of components and repair of Russian-origin aircraft of the Indian Air Force, Director General Pavlo Bukin told Defenseworld.net in an interview.
Segments such as Network Centric Warfare, Radars, Weapon systems, Electronic Warfare & Avionics, Military Communications and Electro Optics are likely to drive the Companys growth in the future, says M V Gowtama, Chairman & Managing Director, Bharat Electronics Limited (BEL).
Yuri Slyusar, recently appointed President of Irkut Corporation, Russia commented on the structural changes in his organization and the impact this would have on future of the corporation and on important products of Russian aviation manufactured at the Irkutsk Aviation...
Ukraine Tests New Anti-tank Guided Missile System ‘Skif’
Raytheon’s Small Diameter Bomb II Completes Development Tests
Raytheon Wins $136 Million Air and Missile Defense Radar Program Modification Contract
Nexter To Provide 18 105LG1 Artillery Systems To Malaysia’s Army Forces
Ilyushin Offers IL-114-300 As Alternative to AN-24/AN-26 Turbo-prop Aircraft
French Safran to Help Develop Engine for India’s LCA?
Oshkosh Wins Missile Transporters Contract from Qatar, Kuwait
US Approves $259M Sierra Nevada King Air 350ER ISR Aircraft Sale to...
One of the most interesting exhibits at the Dubai Air show 2017 occupies a corner in the Aviation Industries Corporation...
While investigators in India are following up on the money trial in the AgustaWestland VVIP helicopter scandal, the leads as...
With over 451 submarines in service worldwide, the global market of submarines fleet is expected to surge up to $100...
Amid the proliferation of real-time data from sources such as mobile devices, web, social media, sensors, log files and transactional...
Helmets for pilots and ground troops do much more than stopping bullets
As the role of Unmanned Aerial Vehicles (UAVs) expands from traditional low-resolution reconnaissance to high-res video and infra-red besides precision-attack,...