Brazil will purchase 50 helicopters from France, according to an agreement signed here Tuesday by the Brazilian President Luiz Inacio Lula da Silva and his French counterpart Nicolas Sarkozy.
Brazilian Defense Minister Nelson Jobim said that his country made the deal mainly because "we are building a factory of helicopters in Brazil."
According to the agreement, the European company Eurocopter and Brazilian company Helibras would jointly manufacture 50 helicopters of model Cougar EC-725 and other plane equipment in Brazil.
Helibras is the only producer of helicopters in Latin America.
The defense minister said that the deal would cost 1.89 billion euros (2.343 billion U.S. dollars) payable till 2026.
Jobim also mentioned the agreement on constructing five submarines, one of them nuclear-propelled, a shipyard and a naval base in the state of Rio de Janeiro.
French press estimated that all these contracts would hit 8.9 billion euros (11.3 billion dollars).
Jobim said it was a simple speculation of the press, because the detail would be defined in three months.
Source:Xinhua
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