IBOV 173,325.65 ▼ 0.03% IPSA 10,954.04 ▲ 0.52% IPC MEX 66,709.60 ▲ 0.88% MERVAL 3,281,979 — 0.00% COLCAP 2,301.34 ▲ 0.13% BVL PERÚ 56,620.35 — — USD/BRL5.06▼ 0.23% USD/MXN17.40▼ 0.05% USD/CLP936.32▲ 0.07% USD/COP3,208▼ 1.48% USD/PEN3.40▲ 0.07% USD/ARS1,479▲ 0.08% USD/UYU40.11▲ 1.23% USD/PYG6,045▲ 1.76% USD/BOB10.80▲ 2.69% USD/DOP58.00▼ 0.34% USD/CRC446.12▲ 1.15% USD/GTQ7.62▲ 2.33% USD/HNL26.74▲ 1.61% USD/NIO36.62▲ 0.72% USD/VES735.39▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.79▲ 0.55% USD/TTD6.73▲ 1.11% EUR/BRL5.78▼ 0.69% BRENT 94.19 ▲ 3.49% WTI 87.10 ▲ 2.58% IRON ORE 161.91 — — COPPER 6.51 ▲ 0.01% GOLD 4,130 ▲ 1.44% SILVER 59.69 ▲ 1.44% SOY 1,232 ▲ 0.98% CORN 482.25 ▲ 6.52% WHEAT 698.00 ▲ 2.95% COFFEE 319.05 ▼ 3.89% SUGAR 14.77 ▼ 0.74% ORANGE JUICE 144.05 ▲ 0.17% COTTON 80.43 ▲ 1.86% COCOA 5,437 ▼ 3.03% BEEF 223.05 ▼ 1.53% CATTLE 344.88 ▼ 2.02% LITHIUM 69.08 ▲ 3.23% PETR4 42.07 ▲ 0.98% VALE3 73.52 ▲ 1.77% ITUB4 42.60 ▲ 0.16% BBDC4 18.60 ▲ 0.27% ABEV3 15.77 ▼ 0.19% BBAS3 21.03 ▲ 0.72% B3SA3 15.37 ▲ 1.32% WEGE3 45.55 ▲ 7.25% PRIO3 58.79 ▲ 1.05% SUZB3 41.75 ▲ 0.29% RENT3 36.63 ▲ 0.22% AZZA3 17.18 ▼ 1.72% CSAN3 3.81 ▲ 0.79% RAIZ4 0.28 ▲ 3.70% PCAR3 2.74 ▲ 0.37% GMAT3 3.86 ▲ 0.78% PSSA3 53.81 ▲ 0.62% CVCB3 1.14 ▲ 1.79% POSI3 3.70 ▲ 0.54% SLCE3 13.76 ▲ 0.07% NATU3 8.69 ▼ 0.23% BRKM5 5.80 ▲ 1.58% RANI3 7.92 ▲ 0.38% CSNA3 5.13 ▲ 1.38% CMIN3 5.64 ▲ 1.08% USIM5 8.49 ▲ 0.35% GGBR4 23.66 ▲ 0.72% ENEV3 25.44 ▲ 0.08% CPFE3 46.10 ▼ 0.65% CMIG4 11.03 ▲ 0.09% EQTL3 38.79 ▼ 0.10% LREN3 13.35 ▲ 0.60% VIVT3 35.69 ▼ 0.31% RAIL3 13.34 ▲ 0.76% KLABIN 17.67 ▲ 0.45% RAIA DROGASIL 18.09 ▼ 0.22% RDOR3 33.93 ▲ 0.03% HAPV3 11.30 ▲ 0.53% FLRY3 16.66 ▲ 0.66% SMTO3 15.67 ▲ 0.58% UGPA3 32.01 ▲ 0.60% VBBR3 34.18 ▲ 0.68% BBSE3 41.70 ▲ 0.36% BPAC11 55.63 ▲ 0.47% CURY3 29.91 ▼ 0.13% AERI3 2.07 ▲ 1.47% VIVARA 21.41 — 0.00% COMPASS 24.71 ▲ 1.10% VAMOS 3.13 ▲ 1.29% SANB11 27.00 ▼ 0.77% ASAI3 8.36 ▲ 1.33% SBSP3 28.67 ▲ 0.24% WALMEX 49.15 ▼ 0.47% GMEXICO 209.54 ▲ 4.34% FEMSA 226.99 ▲ 0.01% CEMEX 22.07 ▲ 0.87% GFNORTE 185.80 ▲ 3.22% BIMBO 59.39 ▼ 0.18% TELEVISA 9.70 ▼ 0.10% AMX 22.76 ▲ 0.09% GAP 378.85 ▲ 0.17% ASUR 274.96 ▲ 0.22% OMA 225.89 ▼ 0.24% KOF 181.05 ▲ 0.13% GRUMA 282.60 ▼ 1.74% KIMBER 38.40 ▲ 0.03% SQM-B 64,540 ▲ 2.25% COPEC 6,450 ▲ 4.03% BSANTANDER 79.01 ▲ 3.84% FALABELLA 5,919 ▲ 0.75% ENELAM 84.53 ▲ 0.50% CENCOSUD 2,028 ▲ 1.66% CMPC 1,084 ▲ 1.67% BANCO CHILE 190.01 ▲ 1.89% LATAM AIR 24.20 ▼ 0.86% YPF 80,625 ▲ 1.80% GGAL 7,965 ▲ 1.53% PAMPA 5,475 ▲ 3.89% TXAR 679.00 ▲ 1.27% ALUAR 973.00 ▲ 1.41% TGS 9,710 ▲ 2.21% CEPU 2,340 ▲ 2.23% MIRGOR 16,775 ▼ 2.04% COME 42.87 ▼ 0.19% LOMA NEGRA 3,605 ▲ 0.91% BYMA 292.25 ▼ 0.51% TELECOM ARG 4,255 ▲ 2.65% ECOPETROL 16.53 ▲ 3.09% BANCOLOMBIA 83.64 ▲ 3.49% GRUPO AVAL 5.09 ▲ 2.83% CREDICORP 391.10 ▲ 1.10% SOUTHERN COPPER 188.01 ▲ 7.39% BUENAVENTURA 31.25 ▲ 3.96% MERCADOLIBRE 1,823 ▼ 0.53% NUBANK 14.39 ▲ 2.86% XP 16.85 ▲ 0.30% PAGSEGURO 9.58 ▲ 3.12% STONE 11.26 ▲ 1.21% GLOBANT 32.10 ▼ 0.59% TECNOGLASS 45.15 ▼ 2.08% GAP AIRPORT 217.68 ▲ 0.26% ASUR 274.96 ▲ 0.22% OMA AIRPORT 104.23 ▲ 0.21% AMX ADR 26.09 ▼ 0.04% FEMSA ADR 130.35 ▲ 0.26% CEMEX ADR 12.70 ▲ 1.68% PETROBRAS ADR 18.54 ▲ 1.92% VALE ADR 14.25 ▲ 1.06% ITAU ADR 8.40 ▲ 0.96% SANTANDER BR 5.40 ▲ 0.56% AMBEV ADR 3.11 ▲ 0.97% CSN 1.01 ▼ 0.50% GERDAU 4.64 ▼ 0.85% LATAM ADR 51.58 ▼ 0.31% BTC 65,533 ▼ 1.46% ETH 1,919 ▼ 0.49% SOL 77.19 ▼ 1.18% XRP 1.14 ▼ 0.65% BNB 569.87 ▼ 0.65% ADA 0.17 ▼ 0.55% DOGE 0.07 ▼ 1.31% AVAX 6.50 ▼ 0.94% LINK 8.60 ▼ 0.61% DOT 0.83 ▼ 1.40% LTC 46.66 ▼ 0.33% BCH 220.86 ▼ 1.27% TRX 0.33 ▲ 0.04% XLM 0.19 ▼ 1.95% HBAR 0.07 ▲ 1.82% NEAR 1.87 ▼ 3.21% ATOM 1.46 ▼ 1.35% AAVE 96.42 ▲ 0.89% SELIC 14.25% EMBRAER 82.76 ▲ 0.13% EMBRAER ADR 65.47 ▼ 0.70% JBS 11.95 ▼ 0.67% JBS BDR 60.62 ▲ 0.66% MBRF3 15.07 ▼ 0.26% MBRFY 2.95 ▲ 1.37% INTER 5.58 ▼ 0.71% EGX 53,932 ▼ 0.11% USD/ZAR16.43▼ 0.23% USD/NGN 1,376 — 0.00% NIKKEI 66,116 ▼ 0.18% CSI300 4,717 ▼ 0.46% HSI 24,893 ▼ 0.95% NIFTY 23,996 ▼ 0.79% KOSPI 6,798 ▲ 0.74% JCI 6,334 ▼ 0.09% USD/JPY163.06▼ 0.07% USD/CNY6.76▼ 0.07% DAX 25,170 ▲ 0.63% CAC 8,453 ▲ 1.08% FTSE 10,739 ▲ 1.45% MIB 52,782 ▲ 0.95% IBEX 19,622 ▲ 1.25% STOXX 647.36 ▲ 0.65% EUR/USD1.14▲ 0.18% GBP/USD1.34▼ 0.40% SPX 7,509 ▲ 0.89% DJI 52,225 ▲ 0.74% NDX 29,155 ▲ 1.93% RUT 2,987 ▲ 1.53% TSX 35,369 ▲ 1.17% VIX 17.51 ▲ 2.70% USD/CAD1.41▼ 0.16% US10Y 4.6340 ▲ 0.13% IBOV 173,325.65 ▼ 0.03% IPSA 10,954.04 ▲ 0.52% IPC MEX 66,709.60 ▲ 0.88% MERVAL 3,281,979 — 0.00% COLCAP 2,301.34 ▲ 0.13% BVL PERÚ 56,620.35 — — USD/BRL 5.06 ▼ 0.23% USD/MXN 17.40 ▼ 0.05% USD/CLP 936.32 ▲ 0.07% USD/COP 3,208 ▼ 1.48% USD/PEN 3.40 ▲ 0.07% USD/ARS 1,479 ▲ 0.08% USD/UYU 40.11 ▲ 1.23% USD/PYG 6,045 ▲ 1.76% USD/BOB 10.80 ▲ 2.69% USD/DOP 58.00 ▼ 0.34% USD/CRC 446.12 ▲ 1.15% USD/GTQ 7.62 ▲ 2.33% USD/HNL 26.74 ▲ 1.61% USD/NIO 36.62 ▲ 0.72% USD/VES 735.39 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.79 ▲ 0.55% USD/TTD 6.73 ▲ 1.02% EUR/BRL 5.78 ▼ 0.69% BRENT 94.19 ▲ 3.49% WTI 87.10 ▲ 2.58% IRON ORE 161.91 — — COPPER 6.51 ▲ 0.01% GOLD 4,130 ▲ 1.44% SILVER 59.69 ▲ 1.44% SOY 1,232 ▲ 0.98% CORN 482.25 ▲ 6.52% WHEAT 698.00 ▲ 2.95% COFFEE 319.05 ▼ 3.89% SUGAR 14.77 ▼ 0.74% ORANGE JUICE 144.05 ▲ 0.17% COTTON 80.43 ▲ 1.86% COCOA 5,437 ▼ 3.03% BEEF 223.05 ▼ 1.53% CATTLE 344.88 ▼ 2.02% LITHIUM 69.08 ▲ 3.23% PETR4 42.07 ▲ 0.98% VALE3 73.52 ▲ 1.77% ITUB4 42.60 ▲ 0.16% BBDC4 18.60 ▲ 0.27% ABEV3 15.77 ▼ 0.19% BBAS3 21.03 ▲ 0.72% B3SA3 15.37 ▲ 1.32% WEGE3 45.55 ▲ 7.25% PRIO3 58.79 ▲ 1.05% SUZB3 41.75 ▲ 0.29% RENT3 36.63 ▲ 0.22% AZZA3 17.18 ▼ 1.72% CSAN3 3.81 ▲ 0.79% RAIZ4 0.28 ▲ 3.70% PCAR3 2.74 ▲ 0.37% GMAT3 3.86 ▲ 0.78% PSSA3 53.81 ▲ 0.62% CVCB3 1.14 ▲ 1.79% POSI3 3.70 ▲ 0.54% SLCE3 13.76 ▲ 0.07% NATU3 8.69 ▼ 0.23% BRKM5 5.80 ▲ 1.58% RANI3 7.92 ▲ 0.38% CSNA3 5.13 ▲ 1.38% CMIN3 5.64 ▲ 1.08% USIM5 8.49 ▲ 0.35% GGBR4 23.66 ▲ 0.72% ENEV3 25.44 ▲ 0.08% CPFE3 46.10 ▼ 0.65% CMIG4 11.03 ▲ 0.09% EQTL3 38.79 ▼ 0.10% LREN3 13.35 ▲ 0.60% VIVT3 35.69 ▼ 0.31% RAIL3 13.34 ▲ 0.76% KLABIN 17.67 ▲ 0.45% RAIA DROGASIL 18.09 ▼ 0.22% RDOR3 33.93 ▲ 0.03% HAPV3 11.30 ▲ 0.53% FLRY3 16.66 ▲ 0.66% SMTO3 15.67 ▲ 0.58% UGPA3 32.01 ▲ 0.60% VBBR3 34.18 ▲ 0.68% BBSE3 41.70 ▲ 0.36% BPAC11 55.63 ▲ 0.47% CURY3 29.91 ▼ 0.13% AERI3 2.07 ▲ 1.47% VIVARA 21.41 — 0.00% COMPASS 24.71 ▲ 1.10% VAMOS 3.13 ▲ 1.29% SANB11 27.00 ▼ 0.77% ASAI3 8.36 ▲ 1.33% SBSP3 28.67 ▲ 0.24% WALMEX 49.15 ▼ 0.47% GMEXICO 209.54 ▲ 4.34% FEMSA 226.99 ▲ 0.01% CEMEX 22.07 ▲ 0.87% GFNORTE 185.80 ▲ 3.22% BIMBO 59.39 ▼ 0.18% TELEVISA 9.70 ▼ 0.10% AMX 22.76 ▲ 0.09% GAP 378.85 ▲ 0.17% ASUR 274.96 ▲ 0.22% OMA 225.89 ▼ 0.24% KOF 181.05 ▲ 0.13% GRUMA 282.60 ▼ 1.74% KIMBER 38.40 ▲ 0.03% SQM-B 64,540 ▲ 2.25% COPEC 6,450 ▲ 4.03% BSANTANDER 79.01 ▲ 3.84% FALABELLA 5,919 ▲ 0.75% ENELAM 84.53 ▲ 0.50% CENCOSUD 2,028 ▲ 1.66% CMPC 1,084 ▲ 1.67% BANCO CHILE 190.01 ▲ 1.89% LATAM AIR 24.20 ▼ 0.86% YPF 80,625 ▲ 1.80% GGAL 7,965 ▲ 1.53% PAMPA 5,475 ▲ 3.89% TXAR 679.00 ▲ 1.27% ALUAR 973.00 ▲ 1.41% TGS 9,710 ▲ 2.21% CEPU 2,340 ▲ 2.23% MIRGOR 16,775 ▼ 2.04% COME 42.87 ▼ 0.19% LOMA NEGRA 3,605 ▲ 0.91% BYMA 292.25 ▼ 0.51% TELECOM ARG 4,255 ▲ 2.65% ECOPETROL 16.53 ▲ 3.09% BANCOLOMBIA 83.64 ▲ 3.49% GRUPO AVAL 5.09 ▲ 2.83% CREDICORP 391.10 ▲ 1.10% SOUTHERN COPPER 188.01 ▲ 7.39% BUENAVENTURA 31.25 ▲ 3.96% MERCADOLIBRE 1,823 ▼ 0.53% NUBANK 14.39 ▲ 2.86% XP 16.85 ▲ 0.30% PAGSEGURO 9.58 ▲ 3.12% STONE 11.26 ▲ 1.21% GLOBANT 32.10 ▼ 0.59% TECNOGLASS 45.15 ▼ 2.08% GAP AIRPORT 217.68 ▲ 0.26% ASUR 274.96 ▲ 0.22% OMA AIRPORT 104.23 ▲ 0.21% AMX ADR 26.09 ▼ 0.04% FEMSA ADR 130.35 ▲ 0.26% CEMEX ADR 12.70 ▲ 1.68% PETROBRAS ADR 18.54 ▲ 1.92% VALE ADR 14.25 ▲ 1.06% ITAU ADR 8.40 ▲ 0.96% SANTANDER BR 5.40 ▲ 0.56% AMBEV ADR 3.11 ▲ 0.97% CSN 1.01 ▼ 0.50% GERDAU 4.64 ▼ 0.85% LATAM ADR 51.58 ▼ 0.31% BTC 65,533 ▼ 1.46% ETH 1,919 ▼ 0.49% SOL 77.19 ▼ 1.18% XRP 1.14 ▼ 0.65% BNB 569.87 ▼ 0.65% ADA 0.17 ▼ 0.55% DOGE 0.07 ▼ 1.31% AVAX 6.50 ▼ 0.94% LINK 8.60 ▼ 0.61% DOT 0.83 ▼ 1.40% LTC 46.66 ▼ 0.33% BCH 220.86 ▼ 1.27% TRX 0.33 ▲ 0.04% XLM 0.19 ▼ 1.95% HBAR 0.07 ▲ 1.82% NEAR 1.87 ▼ 3.21% ATOM 1.46 ▼ 1.35% AAVE 96.42 ▲ 0.89% SELIC 14.25% EMBRAER 82.76 ▲ 0.13% EMBRAER ADR 65.47 ▼ 0.70% JBS 11.95 ▼ 0.67% JBS BDR 60.62 ▲ 0.66% MBRF3 15.07 ▼ 0.26% MBRFY 2.95 ▲ 1.37% INTER 5.58 ▼ 0.71% EGX 53,932 ▼ 0.11% USD/ZAR 16.47 ▲ 0.09% USD/NGN 1,376 — 0.00% NIKKEI 66,116 ▼ 0.18% CSI300 4,717 ▼ 0.46% HSI 24,893 ▼ 0.95% NIFTY 23,996 ▼ 0.79% KOSPI 6,798 ▲ 0.74% JCI 6,334 ▼ 0.09% USD/JPY 163.10 ▼ 0.03% USD/CNY 6.7723 ▲ 0.23% DAX 25,170 ▲ 0.63% CAC 8,453 ▲ 1.08% FTSE 10,739 ▲ 1.45% MIB 52,782 ▲ 0.95% IBEX 19,622 ▲ 1.25% STOXX 647.36 ▲ 0.65% EUR/USD 1.1413 ▲ 0.08% GBP/USD 1.3361 ▼ 0.13% SPX 7,509 ▲ 0.89% DJI 52,225 ▲ 0.74% NDX 29,155 ▲ 1.93% RUT 2,987 ▲ 1.53% TSX 35,369 ▲ 1.17% VIX 17.51 ▲ 2.70% USD/CAD 1.4090 ▼ 0.11% US10Y 4.6340 ▲ 0.13%
since 2009
Wednesday, July 22, 2026

South Asia & India Defense Monitor

F-35 Proposal Marks India’s Strategic Pivot in Defense and Trade with the U.S.

By · February 14, 2025 · 2 min read

Daily Brief

The morning intel from across Latin America. Free.

By subscribing you agree to our privacy policy. We never share your email.

India’s defense procurement strategy is moving in a new direction, marked by its potential acquisition of U.S.-made F-35 stealth fighter jets.

Traditionally reliant on Russian and French military technology, India now positions itself to join an elite group of nations—including NATO allies, Israel, and Japan—authorized to operate these advanced aircraft.

This development, announced by U.S. President Donald Trump during a meeting with Indian Prime Minister Narendra Modi, underscores the growing strategic alignment between the two countries.

For decades, India’s military relied heavily on Russian equipment, with over 70% of its air force assets sourced from Moscow. However, geopolitical shifts, Western sanctions on Russia following the Ukraine conflict, and delays in Russian deliveries have pushed India to diversify its defense partnerships.

Between 2009–2013 and 2019–2023, India’s arms imports from Russia dropped from 76% to 36%, while imports from Western suppliers like France and the U.S. surged. The F-35 proposal reflects this shift and offers India a chance to modernize its air force with one of the world’s most advanced fighter jets.

F-35 Proposal Marks India’s Strategic Pivot in Defense and Trade with the U.S.
F-35 Proposal Marks India’s Strategic Pivot in Defense and Trade with the U.S. (Photo Internet reproduction)
One-stop reference
Company Intelligence
Every listed company in Latin America — financials, ownership and structure for 1,450+ companies across 26 exchanges, in one place.
Browse the directory →
RT
Ask Rio Times
17 years of Latin America reporting, on demand.
Open the full Ask Rio Times →

The F-35 Lightning II, developed by Lockheed Martin, integrates stealth capabilities, advanced sensors, and networked combat systems, providing unmatched air superiority.

If acquired, it would complement India’s existing fleet of Russian Su-30MKIs and French Rafales while addressing critical gaps in stealth technology against regional adversaries like China and Pakistan.

Logistical and Financial Challenges in Integrating the F-35

However, integrating the F-35 into an air force dominated by Russian-origin infrastructure poses logistical challenges. The high cost—ranging from $80 million to $115 million per unit—also raises questions about affordability within India’s defense budget.

Beyond defense cooperation, trade and energy emerged as key topics during Trump and Modi’s discussions. Modi committed to increasing imports of U.S. oil and gas as part of efforts to reduce trade imbalances.

Both leaders expressed optimism about finalizing a mutually beneficial trade agreement soon, with Modi announcing plans to double bilateral trade to $500 billion by 2030.

However, tensions over tariffs remain unresolved. Trump criticized India’s “unfairly high” trade barriers but pledged to address these issues through negotiations.The potential F-35 deal symbolizes more than military modernization.

It reflects India’s broader pivot toward diversifying alliances amid rising Indo-Pacific security concerns. Simultaneously, expanding economic ties with the U.S. reinforces India’s position as a key partner in an evolving global order.

Read More from The Rio Times

The Rio Times · Power Map
See who really holds power in Latin America
Click to open the Power Map

Rotate for Best Experience

This report is optimized for landscape viewing. Rotate your phone for the full experience.