A consortium formed by Germany's Thyssenkrupp AG and Brazilian planemaker E...
) signed a deal on Thursday to deliver four frigates to Brazil’s navy between 2025 and 2028, the companies said in a statement.
The companies did not disclose the price tag. The Brazilian navy website said the four-ship program will cost about $2 billion. The program is the first large investment decided by the government of far-right President Jair Bolsonaro, who has boosted defense spending and appointed military officers to his Cabinet.
“The Tamandaré Class Programme will strengthen our ties by transferring technology and generating highly qualified jobs for the country,” said Rolf Wirtz, CEO of Thyssenkrupp Marine Systems .
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