News & Events

Brazil, U.S. sign agreement to develop defense technology – Source Reuters Tech News

Brazilian President Jair Bolsonaro and Commander of the U.S. Southern Command Admiral Craig S. Faller shake hands during an agreement signing ceremony, in Miami, Florida, U.S., March 8, 2020. REUTERS/Marco Bello

MIAMI (Reuters) – Brazilian and U.S. governments signed on Sunday an agreement for development of defense projects that may give the South American country access to financing.

The agreement allows partnerships in development of defense technology by private companies, that may use public financing from both countries. Companies may request financing from the U.S. defense research fund.

Brazil’s defense industry has around 220 companies and exports to around 85 countries.

Although President Jair Bolsonaro is looking for a closer cooperation with the United States in defense and intelligence, Brazil’s decisions regarding 5G technology are seen as a potential hurdle, according to an Trump administration official.

In a briefing on Saturday, the official, which asked for…

Read More…

Source Reuters Tech News

Source link