Brazilian Military News, Reports, Data, etc.

Miragedriver

Brigadier
Brazilian Defense Minister proposes to Saab interest rate intermediate between the agreed and the reduction requested by the government to keep the purchase of 36 Gripen force

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(Defensa.com) At the request of the minister, Joaquim Levy, President Dilma Rousseff had requested days ago the Government of Sweden to revise the interest rate originally stipulated in the contract. Fiscal adjustment and the reduction of interest rates prevailing in Europe were the main arguments put forward by the president. In order to avoid cancellation of the contract if there is no agreement between the two countries, he arrived in Brazil a committee of executives and banking officials with Swedish manufacturer Saab representatives.

The group met with Defense Minister Jaques Wagner, trying to negotiate an intermediate rate, according to a ministry spokesman. The interest in the contract is 2.54% per year, and Levy wants to reduce that percentage to 1.54%. Jaques Wagner have proposed, then a rate of 1.98% per annum.

Also, according to the spokesman of the Ministry of Defense, will be the final decision of President Dilma Rousseff, who would be willing to keep the contract. In addition to the expected waste of time if the purchase is revised, the withdrawal of the current order would involve the payment of fines. Defense argues that the contract is not yet really threatened and that the time between the two countries to reach an agreement only ends in October. The meeting yesterday did not result in any agreement.

Sweden states that you can not change the interest provisions of the pre-contract, approved by Parliament and is based on the expected rate by the European Central Bank. More than that, despite the interest in the business - managing the largest ever made by the sale of Gripen aircraft - the reduction of interest rates could set a precedent that the country would not be willing to face, since 60 % of its economy comes from exports.

The direction of the SEK (Swedish Export Credit Corporation to), which met with Minister Wagner, have offered, again, the expansion of payment periods, reducing the amount to be paid in 2016. But the team economic think this does not is sufficient and insists on reducing interest rates. In fact, the Brazilian government still believes he can count on the goodwill of Sweden, as they also have a great interest in the project. Brazil used the reduction in interest rates, with Sweden as a dangerous precedent to negotiate other international agreements.

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Jeff Head

General
Registered Member
Brazil in search of agreement for the purchase of Gripen fighter jets.

Brazilian daily Folha de São Paulo reports that Sweden agrees to lower the interest rate on the financing contract for the sale of 36 Gripen fighter jets for the
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, provided that Brazil agrees to pay part of the loss with the exchange rates.
LOL!

Financial shell game!
 

Jeff Head

General
Registered Member
On an amount of US$ 5.4 billion and a change in interest rate from 2.54% to 1.98%, per year, that is 30.2 million dollars per year, or basically a complete Gippen every two years:)

That will by a lot of wine:rolleyes:
"provided that Brazil agrees to pay part of the loss with the exchange rates."

That's why I said its a shell game. It's like saying:

"I will show here on paper that you save money on this deal in interest rates...but only if you will make it up to me with a better exchange rate so I really do not lose that much in the trade-off."
 

Miragedriver

Brigadier
Brazil in search of agreement for the purchase of Gripen fighter jets.

Brazilian daily Folha de São Paulo reports that Sweden agrees to lower the interest rate on the financing contract for the sale of 36 Gripen fighter jets for the
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, provided that Brazil agrees to pay part of the loss with the exchange rates. The deal can be agreed this Wednesday (July 29, 2015), when a delegation of the Swedish agency for the promotion and development of exports, the SEK, should leave Brazil.

Brazil chose the Gripen to re-equip FAB at the end of 2013 and, in 2014, signed a contract that at the time stood at US$ 5.4 billion. The problem is that payment to SEK should had been dealt with and approved by the Senate until mid 2015. A deadline extension was requested because Brazil wished to reduce the agreed interest rate of 2.54% to 2.19% per annum.

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Miragedriver

Brigadier
New News!

Brazil may wait over four years for new fighters, says Saab
(Reuters) - Brazil is not likely to receive the first of its new fighter jets from Saab AB for more than four years, the head of the Swedish company's aerospace unit told Reuters on Friday, underscoring the need for stopgap aircraft in coming years.

Brazil's Gripen NG should arrive after Sweden takes the first deliveries of the next-generation aircraft in early 2018, said Lennart Sindahl in a telephone interview.

"Everyone expects the
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to take the first deliveries, before we start exporting," he said.

That will leave the Brazilian air force waiting to replenish an old, shrinking fleet. Military officials said on Wednesday they expected to sign a $4.5 billion final contract for the 36 new jets within a year, with the first deliveries arriving four years after that.

While Brazil waits, the country is negotiating with Sweden to lease existing Gripen C/D, Sindahl said, in order to offset the loss of a dozen Mirage fighters at the end of this year.

The Swedish air force is flying 98 Gripens, according to Saab's website, and has ordered the upgrade of 60 Gripen C to the next-generation model, with deliveries beginning in 2018.

The Swiss armed forces have also ordered 22 of the newest Gripens, pending a national referendum next year. (Reporting by Brad Haynes; Editing by Jonathan Oatis)


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Miragedriver

Brigadier
Brazilian Federal Police investigates programme for the construction of submarines for Navy
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Today, July 29 2015, police agents searched for documents confirming suspicions of irregularities in the implementation of the programme of submarines for the
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, which provides the launching of a nuclear propulsion model by 2025; the contract, signed in 2009 by the then Presidents Brazil's Lula and France's Nicolas Sarkozy is part of a military agreement Brazil-France worth 6.7 billion euros.

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Miragedriver

Brigadier
Sweden accepts the interim formula proposed by Brazil and the interest rebate for the purchase of the Gripen

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(Defensa.com) The Swedish government has agreed ultimately reduce the interest rate on the loan agreement for the sale of 36 fighter aircraft for the Brazilian Air Force, which undertakes to finance post of the losses. The government wanted to reduce for days the interest rate originally agreed, 2.54% per annum. As this rate is subject to fluctuations within the rules of the OECD (Organization for Economic Cooperation and Development, an international body that promotes free trade), this month is 2.19%, and reduced, including, 1 , 98% in May.

Swedish negotiators agreed to charge 2.19% provided the difference with the original 2.54% reward somehow, because, otherwise, his government could suffer harsh criticism. About 60% of the Nordic country's GDP comes from exports and does not want to send the wrong message to other customers looking for similar benefits. Two formulas exchange for sharing this loss and analyzed. In one, the Brazilian Treasury would take over half of the figure further established by this reduction in the interest rate, which is estimated at $ 180 million, and the rest of Sweden. The other would set a management fee of 0.35%, equivalent to the difference in interest rates, and Brazil begin to pay only 11 years of finance, 15 years.

The first aircraft should arrive in 2019 (or 2020) and production will be gradually nationalized, so the latest models are assembled in Brazil and some of the above in Sweden, but with Brazilian technicians. "Fortunately we were able to renegotiate the date of signature of the contract and rate. A win for both countries will consolidate this strategic alliance, "said Jaques Wagner, Minister of Defense of Brazil. Sweden agreed to postpone the deadline for signing the financing package until late October.

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Miragedriver

Brigadier
CPqD and Harris won the bid to deploy management system of air navigation assets in Brazil

(Defensa.com) CPqD (Center for Research and Development in Telecommunications) and Harris do Brasil Comunicações e Participações won the competition held by the Commission on Implementation of the System of Airspace Control (CISCEA) to supply the solution that contest adopted for the new Technical Management System (SISGTEC), which will oversee the air navigation assets of the country.

Designed to be the main tool Technical Center Management System of the Brazilian Airspace Control (SISCEAB) - undergoing a process of modernization and development - will SISGTEC as users, primarily the Department of Airspace Control (DECEA) regional organizations (Cindactas), Infraero and the General Air Navigation Center.

"The mission of Technical Management of SISCEAB Center is continuously monitoring the status of resources supporting infrastructure for the Brazilian airspace control and provide real-time information to different users," explains Colonel Aviator Junior Adilson da Silva Lemos , vice-president of the Commission for the Implementation of Airspace Control System (CISCEA). Among the features to be supervised by the new system include network assets (routers, switches, etc.), monitoring systems (such as radar), aids to navigation, mobile and fixed communications, contracted third party pipelines and systems General Communication (satellite, radio links and fiber optics, etc.).

The aim, with the application of SISGTEC is to allow rapid location of possible causes of failure in any of these characteristics and thus speed up network problems repair. For this, the solution adopted is CPqD Intelligent Management, the network management platform and services is already being used by large telecommunications operators. Harris contribute to the functioning of the system and the provision of technical services in the consortium formed between the two companies for project implementation.

With a duration of two years, the contract involves the supply CISCEA licenses CPqD Intelligent Management, installation and configuration of the solution, the construction of the set of rules and alarm correlation, updating the same licenses, training , assisted operation and a number of different services. An important stage of the project also included in the agreement is the integration of the new system SILOMS - Logistics Information System, which provides data on the various equipment SISCEAB.

Integration with other existing management systems is one of the strengths of the CPqD Intelligent Management solution insofar as it provides a view of the entire integrated network. Moreover, with the help module event correlation, the solution can locate the source of possible failures with agility and precision, so it will apparently easy to fix any problem raised in its operation.

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FORBIN

Lieutenant General
Registered Member
Brazilian Senate approves Gripen financing deal

The Brazilian Federal Senate has approved a USD4.6 billion financing agreement for the procurement of 36 Saab Gripen E/F fighter aircraft, the Reuters news agency reported.

The agreement, which was signed on 5 August, ratifies a deal between the Brazilian Ministry of Defence and Swedish Export Credit Corporation for a financing plan for the aircraft that was concluded on 29 July.

Under the arrangement, annual interest rates will be fixed at 2.19%, compared with the 2.54% originally requested by the Swedish government. Sweden had been reluctant to reduce the rate, but was persuaded to do so to prevent the deal becoming a casualty of Brazil's current economic troubles. Brazil has 25 years to repay the loan, with an eight-year grace period.

The Senate's approval of the financing agreement will come as a welcome boost to the Gripen E programme, which had already suffered the misfortune of having the financing arrangement for the sale of 22 aircraft to Switzerland rejected by a popular vote in April 2014. Brazil had already had to cancel plans to lease 12 Gripen C/D aircraft from the Swedish Air Force ahead of the commencement of Gripen E/F deliveries for financial reasons, and the procurement programme could ill afford any further setbacks or significant delays.

Brazil announced its intention to procure 36 Gripen aircraft (28 single-seat Gripen Es and eight twin-seat Gripen Fs) to fulfil its longstanding F-X2 requirement in December 2013. With production of the first 15 airframes to be completed at Saab's Linkoping facility in Sweden, the remainder will be built at a yet-to-be-established line in Brazil. The first aircraft is scheduled for delivery in 2019 and last in 2024.

Beyond the 36 aircraft already ordered, the Brazilian Air Force expects to field a further 72 Gripen E/Fs by the time deliveries are complete. A senior service official previously disclosed that all 108 aircraft will be delivered in three batches running from 2019 through to 2032. It is likely that the two further batches will be wholly assembled in Brazil, as will the aircraft for any future regional customers.

As part of the USD5.4 billion deal for the aircraft, weapons, and support, Saab and the Brazilian Aeronautics Command (COMAER) are to enter into a 10-year agreement for industrial co-operation projects, including technology transfer to Brazilian industry.

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