The UK BAE Systems has signed a deal with the Brazilian Navy to supply it with three patrol vessels. The contract is worth £133m.
Brazil with a defence market described as “one of the fastest growing in the world” will be signing a defence agreement with the UK which should open the way for a deal worth “billions of dollars”, according to reports in the Brazilian and UK media.
UK BAE Systems has secured a two year extended agreement with Chilean ship build and repair organisation ASMAR to provide support to the country's navy Type 22 and Type 23 frigates in a move that is set to enhance Chile's naval capability.