AGL 37.99 Decreased By ▼ -0.16 (-0.42%)
AIRLINK 121.40 Decreased By ▼ -0.11 (-0.09%)
BOP 5.76 Decreased By ▼ -0.09 (-1.54%)
CNERGY 3.71 Decreased By ▼ -0.04 (-1.07%)
DCL 8.30 Decreased By ▼ -0.10 (-1.19%)
DFML 41.00 Increased By ▲ 0.11 (0.27%)
DGKC 84.70 Increased By ▲ 0.10 (0.12%)
FCCL 32.70 No Change ▼ 0.00 (0%)
FFBL 65.53 Increased By ▲ 0.03 (0.05%)
FFL 9.90 Decreased By ▼ -0.15 (-1.49%)
HUBC 103.56 Decreased By ▼ -0.24 (-0.23%)
HUMNL 13.25 No Change ▼ 0.00 (0%)
KEL 4.46 Increased By ▲ 0.03 (0.68%)
KOSM 7.14 Increased By ▲ 0.05 (0.71%)
MLCF 37.60 Increased By ▲ 0.10 (0.27%)
NBP 60.54 Increased By ▲ 0.29 (0.48%)
OGDC 172.60 Increased By ▲ 0.35 (0.2%)
PAEL 24.70 Decreased By ▼ -0.10 (-0.4%)
PIBTL 5.70 No Change ▼ 0.00 (0%)
PPL 142.76 Increased By ▲ 1.07 (0.76%)
PRL 22.71 Decreased By ▼ -0.01 (-0.04%)
PTC 14.55 Decreased By ▼ -0.19 (-1.29%)
SEARL 65.15 Increased By ▲ 0.59 (0.91%)
TELE 7.02 Decreased By ▼ -0.12 (-1.68%)
TOMCL 35.65 Increased By ▲ 0.15 (0.42%)
TPLP 7.33 Increased By ▲ 0.04 (0.55%)
TREET 14.18 Decreased By ▼ -0.02 (-0.14%)
TRG 51.10 Decreased By ▼ -0.65 (-1.26%)
UNITY 26.30 Decreased By ▼ -0.30 (-1.13%)
WTL 1.23 Increased By ▲ 0.01 (0.82%)
BR100 9,511 Increased By 27.6 (0.29%)
BR30 28,463 Increased By 92.1 (0.32%)
KSE100 89,179 Increased By 212.4 (0.24%)
KSE30 27,778 Decreased By -49.3 (-0.18%)

dassault-rafale-fighter-jetSAO PAULO: Brazil is "very likely" to choose France's Rafale fighter jet to refurbish its air force, government sources say, a decision that would award one of the emerging-market world's most coveted defense contracts to a jet whose future was in doubt only two weeks ago.

President Dilma Rousseff and her top advisers believe that Dassault Aviation’s bid to sell at least 36 Rafales offers the best terms among the three finalists, the sources told Reuters on condition of anonymity.

The other two bidders in the competition are US-based Boeing with its F-18 Super Hornet and Sweden’s Saab with its Gripen.

Rousseff has cast the deal as a watershed decision that will help mold Brazil's military and strategic alliances for the next few decades as it establishes itself as a leading economic power. The contract will have an initial value of about $4 billion, but will likely be worth considerably more over time once maintenance and follow-on orders are included.

Rousseff previously had concerns about the Rafale because the jet had not found any buyers outside France. That raised doubts about whether Dassault would have the scale necessary to build the jets at a reasonable cost and maintain them over time.

 

Copyright APP (Associated Press of Pakistan), 2012

Copyright Reuters, 2012

Comments

Comments are closed.