Saudi Arabia to buy rockets and cruise missiles from Brazilian defense company Avibras
Brazil’s Avibras Aerospace and Defense inked a Memorandum of Understanding (MoU) with Saudi Scopa Defense on 31st July.
The agreement was signed during the Brazil-Saudi Arabia Investment Forum held at the São Paulo State Industry Federation (Fiesp) headquarters.
The Saudi party will inject funds into the Brazilian company, expediting its judicial recovery process and revitalizing its competitive edge.
Additionally, orders for AV-MTC 300 cruise missiles, new SS-150 rockets (highly accurate) with 150 km range, and other necessary implements to operate these arms will be placed.
This deal will provide a valuable upgrade to Saudi Arabia’s Astros systems, maintained locally with the aid of Avibras’ engineering and Saudi companies.
According to the joint statement by Avibras/Scopa, the partnership aims to develop and manufacture advanced defense equipment, offering significant capabilities, creating new jobs, and ensuring Saudi Arabia’s sovereignty, particularly in defense.
Avibras CEO, João Brasil Carvalho Leite, stated that this cooperation further enhances Avibras’ business value, solidifying the longstanding partnership with Saudi Arabia.
Avibras is a renowned manufacturer of Multiple Rocket Launchers (MRLS), ballistic and guided rockets, missiles, and a pioneer in Brazilian space research, especially in supplying propulsion systems, rockets, and space payloads.
Recognized as a company capable of building capabilities, Avibras serves as a System House offering technological solutions to meet any customer need, emphasizing genuine opportunities for diversification and spin-off in Defense, Space, and Complex Systems Integration.
As Saudi Arabia’s leading defense company, Scopa aims to contribute to the Vision 2030 program by establishing organic military industries.
By offering innovative defense systems and services, Scopa aims to broaden and enhance the kingdom’s defense capabilities and ecosystem, also reaching global defense and security markets.
Scopa’s goals include fostering the defense sector by identifying ways to invest in the private sector and create job opportunities for Saudi citizens.
The Brazil-Saudi Arabia Forum has been recognized as the most promising occasion for bilateral trade and investment since the two countries established diplomatic relations in 1968.
The significance of Brazil for the Saudis stems from the country’s strategic role in Saudi Arabia’s food security, importing 80% of its food requirements.
The possibility of increasing investment and trade between the two nations is immense, including the defense sector.
Saudi Arabia’s Vision 2030 plan aims to reduce the nation’s dependence on oil and diversify its economy.
As part of this, Saudi leaders wish to attract investments, and several significant Brazilian companies are exploring the market, including food manufacturers and pharmaceutical labs.
This article was produced by The Rio Times’ automated AI newsroom. Editorial responsibility: Matthias Camenzind, Publisher and Editor-in-Chief. How we use AI · Report an error
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