How Brazil will invest over $10 billion in new defence programmes
Investments will enable the Brazilian Air Force to progress with the procurement of Gripen fighters. (Photo: Brazilian Air Force)
A special fund of $10 billion will cover Brazil's acquisition of combat vehicles, aircraft and helicopters, building new warships and submarines and modernisation of legacy systems.
The Brazilian government disclosed in August its plans to invest BRL 52.8 billion ($10.6 billion) in new military capabilities. As part of the Growth Acceleration Plan (PAC), the country intends to invest $5.6 billion (BRL 27.8 billion) in defence until 2026 and another $5 billion (BRL 25 billion) after that.
The funds will cover procurement and development programmes of the three armed forces and the MoD's Military Staff (see table below).
This spending will be on the acquisition of combat vehicles, aircraft and helicopters as well as building warships and submarines in addition to modernisation of legacy systems.
A press release issued by the
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