Subscribe free to our newsletters via your
. Military Space News .




AEROSPACE
Brazil, Sweden signing funding deal for Gripen buy
by Richard Tomkins
Brasilia, Brazil (UPI) Aug 25, 2015


disclaimer: image is for illustration purposes only

Brazilian and Swedish officials are signing the financial contract for the procurement of Gripen NG fighters by the Brazilian Air Force.

The signing by representatives of the Brazilian Air Force Command and the General Counsel of the National Treasury and the Swedish Export Credit Corporation is taking place in London following negotiations setting the interest rate on borrowed funds for the sale of the aircraft.

"The agreed interest rates are 2.19 percent per annum, allowing the Brazilian government savings of up to 600 million reals (about $170 million), the Brazilian Ministry of Defense said.

"The Brazilian Federal Senate approved the project and the Ministry of Finance published in the Official Gazette this Friday (Aug. 21) the authorization for external credit transaction worth up to US$ 245.3 million dollars."

The ministry said the credit will cover 100 percent of the commercial contract.

Brazil is buying 36 Gripen NG fighters from Saab . The first will be delivered in 2019, the last in 2024. Under the contract, 15 of the planes will be manufactured in Brazil, which will result in the transfer of technology to Brazil.

Eight of the 15 Brazilian-made jets will be in a two-seat configuration created for Brazil.

The signing could take place as early as this week.


Thanks for being here;
We need your help. The Space Media Network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceMediaNetwork Contributor
$5 Billed Once


credit card or paypal
SpaceMediaNetwork Monthly Supporter
$5 Billed Monthly


paypal only


.


Related Links
Aerospace News at SpaceMart.com






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle




Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News





AEROSPACE
Navy orders more RF-jammers for its F/A-18s
Melbourne, Fla. (UPI) Aug 21, 2015
Harris Corporation is to supply the U.S. Navy with advanced ALQ-214 radio-frequency jamming devices for its aircraft. Under a $97 million award from the U.S. Naval Air Systems Command, 46 devices will be provided for the service's integrated defensive electronic counter-measures program. The ALQ-214 radar signal jamming units will be produced as part of the company's 12th full-ra ... read more


AEROSPACE
Russian Anti-Missile Warning System Protects on Multiple Tiers

Russian Missile Warning System Can Detect Mass Launch of Ballistic Missiles

US runs missile defense wargames to break Russian jamming

Japan requests Aegis systems for new destroyers

AEROSPACE
Hundreds of Russian R-73 Air-to-Air Missiles in High Demand Worldwide

First Aircraft Launch of Russian-Indian BrahMos Missile to Occur in 2016

Iran unveils new short range ballistic missile

Lockheed Developing a Missile That Can Hit Multiple Warheads

AEROSPACE
New and Unique: Russia to Unveil Latest Drone at MAKS-2015

Unmanned helo sets endurance record

Russian-made unmanned/manned drone set for display

Aerovironment to produce Raven UAVs for Spain

AEROSPACE
Harris delivers Falcon tactical radios

DLS providing equipment for networked communications

Army funds testing of upgrade to communications system

General Dynamics delivering more digital modular radios to Navy

AEROSPACE
Camouflage Skill: Russian Armed Forces Made Airfield Disappear for Hours

Blast rips through warehouse at US military depot in Japan

SRA International to help improve military logistics

Female combat roles in focus as first women become US Rangers

AEROSPACE
Middle Eastern leaders flood to Moscow for Syrian talks, aerospace salon

Growth for Turkish defense industry

Nigeria to step up local arms manufacture in Boko Haram fight

French defence minister visits Cairo after warplane deal

AEROSPACE
Major Western leaders shun China WWII military parade

Finland 'in no position' to defend Baltic states: president

Russia's Future Warfare Tactics as Seen by US Media

Fisherman nets a spy device in S China Sea

AEROSPACE
Louisiana Tech University researchers discover synthesis of a new nanomaterial

Formation of swarms in nanosystems

High-precision control of nanoparticles for digital applications

Camera for the nano-cosmos




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement All images and articles appearing on Space Media Network have been edited or digitally altered in some way. Any requests to remove copyright material will be acted upon in a timely and appropriate manner. Any attempt to extort money from Space Media Network will be ignored and reported to Australian Law Enforcement Agencies as a potential case of financial fraud involving the use of a telephonic carriage device or postal service.