A multibillion-dollar weaponry contract for the transfer of key technologies has been signed between Brazil and France.
The value of the contract is estimated to be $12.3bn of which $9bn will be for the purchase of French military equipment. It is scheduled to be executed by 2021.
The deal includes building five submarines, one of which will be nuclear-powered, as well as the purchase of 50 EC-725 helicopters by Brazil.
Brazil will also begin negotiations individually for the purchase of 36 Rafale combat aircraft from the French firm Dassault Aviation.