Brazilian right-wing congressman Jair Bolsonaro has won a runoff election to become Brazil’s next president. Bolsonaro defeated opponent Fernando Haddad with 55.1 percent of the vote. The two men, on opposite sides of the political spectrum, faced each other after they were the two top vote-getters in the first round of elections on October 7. Since no candidate received more than 50 percent of the vote in those earlier elections, a runoff was required. Continue reading
By Richard Pettibone and Ray Jaworowski, Analysts, Forecast International.
Boeing and Embraer have confirmed that the two companies are engaged in discussions regarding a potential combination, the basis of which remains under discussion. While an outright acquisition is unlikely due to Brazilian government fears of outright foreign ownership, some form of joint venture is likely. Continue reading
Brazilian companies Savis and Bradar announced the signing of a cooperation agreement to evaluate joint business development for defense applications at the LAAD Defense & Security 2017 conference. Both companies are affiliated with Embraer Defense & Security and U.S.-based flight deck specialist Rockwell Collins. Continue reading
On December 13, Brazil’s Senate approved a constitutional amendment, effective December 15, 2016, that will cap growth of government spending. This law will have a direct effect on defense spending, limiting it for at least the next 10 years. However, with Brazil’s large defense budget (number 10 in the world), the market in that country will continue to be strong. Continue reading
While Brazil is a country largely at peace, it also maintains the largest defense budget in Latin America. Externally, Brazil’s military is responsible for defending the country’s territory. This became more important after Brazil discovered oil reserves off its coast, prompting investment in air and sea assets. Although Latin American countries are relatively free from conflict, the Brazilian military is still seen as a deterrent to other nations in the region. For example, many of Brazil’s current acquisition programs have been a response to Venezuelan purchases. Continue reading
With the Great Recession pretty much over, Embraer now finds itself stronger both financially and product line-wise. The company celebrated a record backlog of $20.9 billion in 2014, and deliveries have also gained strength. Continue reading
By Rebecca Edwards, Forecast International
The Brazilian Navy is planning an extensive modernization program for its aircraft carrier, the São Paulo (A 12). The program is intended to extend the ship’s life through the 2030s.
The upgrade is expected to take about four years to complete. Studies into the scope of the program are now underway.
The vessel, originally named the Foch, was acquired from the French Navy and recommissioned in Brazilian service in November 2000.
In May 2005, the vessel suffered a fire in its system of steam pipes. Three years later, the ship finally returned to service in April 2008, but modernization and repair work continued. Back in service, the first stage of inspection, which involved the operation of helicopters from the flight deck, was conducted in November 2011. Modernization work continues to this day.
Meanwhile, in March 2014, the Navy began considering replacement options for the vessel. The Ministry of Defense plans to replace the Navy’s sole aircraft carrier with one built domestically. According to Defense Minister Celso Amorim, construction would take place in Brazil, but the ship would be based on a foreign design acquired through a technology transfer agreement. These are long-term plans, however. Construction is at least another 15 years down the road, Amorim said.