Brazil To Sell Missiles
To Pakistan
Rio de Janeiro -
Brazil's Foreign Trade
Chamber (Camex) approved
on Tuesday official
guarantees for the sale
of 100 missiles to the
Pakistani government.
The missiles will be
produced by Mectron, a
company from Sao Jose
dos Campos, Sao Paulo
state, with financing
from Brazil's
Development Bank (BNDES),
local media reported.
The sale was negotiated
in April between the
Pakistani government and
the Brazilian Air Force,
but it needed approval
from the Brazilian
authorities to be
completed.
The missiles, which
equip aircraft, and
detect and destroy
radars, will cost 85
million euros. The
approval of the official
guarantees means that
the Brazilian government
takes responsibility for
the producing company.
After the Camex meeting,
Brazil's Defense
Minister Nelson Jobim
stressed that the sale
was an operation between
the two countries and
praised the missiles.
"It is a very efficient
tool, which monitors
land from airspace,
locates and eventually
destroys," he said.
The missiles deal will
lead to a development of
Mectron's production
chain, Minister Jobim
said. To deliver the 100
missiles to Pakistan,
the small company will
increase its production
capacity fivefold.
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