A Rafale fighter jet performs at the international Paris Air Show this summer. Under the deal, Brazil will acquire French-built Rafale fighter jets and military helicopters. (Pierre Verdy / AFP/Getty Images)From The L.A. Times:
The deal, estimated to be worth more than $2 billion, apparently hinged on France's willingness to transfer technology to the Brazilians, a step other bidders including Boeing were reluctant to take.
Reporting from Bogota, Colombia - Stepping up an aggressive plan to fortify the defense of its valuable natural resources, Brazil said Monday that it had entered into a billion-dollar-plus agreement to buy 36 French fighter jets.
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My Comment: This purchase by the Brazilians is long overdue. They are reacting to the military buildup that is occurring in Venezuela and Colombia .... the only question that is being asked now is .... will this stop, or will other South American countries start to buildup their own forces thereby starting a regional arms race.
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