Thursday, August 23, 2012

Brazil's defense industry booms

Brazil's defense industry booms: Brasilia (AFP) Aug 22, 2012



Brazil's defense industry is booming, fueled by government incentives to modernize the country's armed forces and develop a robust, export-oriented military industrial complex.

"Companies are happy. There is a determination to grow and invest. Five years ago, it was the opposite," said Carlos Pieratoni Gamboa, vice-president of the Brazilian Association of Defense and Security Equipment (Abi

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