Open

Coming up

Don't miss

Replay


LATEST SHOWS

AFRICA NEWS

Senegalese photographer's flashbacks to Africans throughout history

Read more

MEDIAWATCH

Hollande photographed with Julie Gayet on Elysée Palace balcony

Read more

REVISITED

Is Beirut still haunted by ghosts of the civil war?

Read more

THE WORLD THIS WEEK

Band Aid 30 - Hit or Miss? Bob Geldof in Hot Water over Ebola Single

Read more

THE WORLD THIS WEEK

Deal or No Deal with Iran? Home Stretch to Reach Historic Agreement

Read more

FRANCE IN FOCUS

Football scandals: The ugly side of the beautiful game

Read more

#THE 51%

Ending violence against women: The dangers of trial by Twitter

Read more

#TECH 24

Tech giants under scrutiny: The problem with Uber

Read more

FOCUS

Inside an Iranian nuclear research reactor

Read more

Americas Americas

Sarkozy seals $12 billion arms deal in Rio

Video by Shona Bhattacharyya and Guillaume Couderc

Latest update : 2008-12-24

French President Nicolas Sarkozy and his Brazilian counterpart, Luiz Inacio Lula da Silva, have signed an arms contract that will see Brazil purchase 50 military helicopters and five submarines from France.

AFP - Brazil on Tuesday signed contracts worth 12 billion dollars to buy 50 military transport helicopters and five submarines from France.
   
The submarine deal involves the purchase of four conventionally powered Scorpene submarines, and the construction of a nuclear-powered submarine to be built with French cooperation.
   
The signing ceremony took place in the presence of Brazilian President Luiz Inacio Lula da Silva and visiting French President Nicolas Sarkozy in Rio de Janeiro.
   
A French official traveling with Sarkozy said the total value of the contracts was 8.6 billion euros (12 billion dollars) -- 6.7 billion euros for the submarines, and 1.9 billion euros for the helicopters.
   
The contracts involve significant transfers of technology -- a priority for Brazil, which wants to develop an advanced defense industry of its own.
   
As a result, the EC-725 transport helicopters are to be assembled in Brazil, in a plant in the southeast Minas Gerais state owned by Helibras, in which EADS subsidiary Eurocopter holds a 45 percent stake.
   
The first of those aircraft should be delivered in 2010, Helibras said in June.
   
Brazilian engineers will also be solely responsible for building the nuclear engine of the atomic-powered submarine, although the rest of the vessel will rely on French technology.
   
The conventional subs will be built in France, with participation from the Spanish company Navantia.
   
Brazil is to build a submarine base near Rio de Janeiro to house the vessels.

Date created : 2008-12-23

COMMENT(S)