The British press has picked on news from Spain and Argentina to state that the government of President Cristina Fernandez is about to sign an agreement to purchase refurbished Mirage F1 decommissioned by the Spanish Air Force, which could become potentially a major threat for the Falkland Islands and another reason for escalating the ever sensitive Argentina/UK relations.
Brazil's defence industry is booming, fuelled by government incentives to modernize the country's armed forces and develop a robust, export-oriented military industrial complex. With the world's sixth largest economy, Brazil was ranked as the eighth largest arms exporter in the 1980s but currently languishes in 30th place, according to industry experts
Brazilian Air Force has asked bidders to renew their offers on a contract to provide 36 next-generation fighter jets, extending for six months a race between US, French and Swedish contestants.
Dilma Rousseff is interested in having French elected-president Francois Holland make an official visit to Brasilia to talk about the current world situation since the Brazilian leader believes they both share positions regarding the global crisis and austerity policies.
French Prime Minister Francois Fillon said his country is likely to face new jolts from the Euro zone debt crisis amid rumors it could lose its triple-A credit rating.
The Brazilian government will not review multibillion-dollar bids for a fighter jet deal until the start of 2012, Defence Minister Nelson Jobim told reporters in France.
Brazilian President Dilma Rousseff revealed this week that the purchase of 36 fighter jets for the country's Air Force and involving billions of dollars but which has been postponed for years will be made in 2012.
Brazilian President Dilma Rousseff strongly supported the need to spend money on defence at a time when she is making big budget cuts in many areas.