IBOV 173,295 ▲ 0.76% IPSA 10,762 ▲ 0.52% IPC MEX 67,226 ▼ 0.28% MERVAL 3,123,411 ▲ 0.88% COLCAP 2,286.19 ▲ 1.09% BVL PERÚ 55,499.07 ▲ 1.21% USD/BRL5.17▼ 0.03% USD/MXN17.50▼ 0.08% USD/CLP921.85▼ 0.11% USD/COP3,437▲ 0.01% USD/PEN3.41▼ 0.46% USD/ARS1,477▼ 0.03% USD/UYU40.22▲ 1.83% USD/PYG6,084▲ 1.72% USD/BOB6.85▲ 1.98% USD/DOP59.28▲ 2.07% USD/CRC450.59▲ 2.01% USD/GTQ7.62▲ 2.54% USD/HNL26.70▲ 0.40% USD/NIO 36.62 — 0.00% USD/VES620.66▲ 5.79% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD156.65▲ 0.65% USD/TTD6.74▲ 1.49% EUR/BRL5.88▼ 0.38% BRENT 72.60 ▼ 3.53% WTI 69.23 ▼ 3.74% IRON ORE 161.91 — — COPPER 6.21 ▲ 2.25% GOLD 4,096 ▲ 1.63% SILVER 59.67 ▲ 2.27% SOY 1,156 ▲ 2.55% CORN 421.75 ▲ 1.69% WHEAT 589.75 ▼ 0.21% COFFEE 261.25 ▼ 9.54% SUGAR 14.55 ▲ 7.38% ORANGE JUICE 148.60 ▲ 11.44% COTTON 76.78 ▲ 4.60% COCOA 5,217 ▲ 1.12% BEEF 245.83 ▼ 4.50% CATTLE 369.85 ▼ 0.92% LITHIUM 75.93 ▼ 3.21% PETR4 38.06 ▼ 1.01% VALE3 78.15 ▼ 0.65% ITUB4 42.24 ▲ 1.30% BBDC4 17.92 ▲ 1.70% ABEV3 16.73 ▲ 2.07% BBAS3 20.34 ▲ 1.45% B3SA3 14.92 ▲ 2.12% WEGE3 46.90 ▲ 0.86% PRIO3 53.29 ▼ 1.21% SUZB3 40.11 ▼ 4.50% RENT3 43.10 ▲ 1.77% AZZA3 18.99 ▼ 4.09% CSAN3 3.76 ▲ 1.35% RAIZ4 0.41 ▼ 2.38% PCAR3 2.28 ▲ 0.89% GMAT3 3.87 ▲ 1.04% PSSA3 53.26 ▲ 1.25% CVCB3 1.41 ▼ 0.70% POSI3 3.99 ▲ 1.53% SLCE3 13.17 ▼ 0.98% NATU3 7.98 ▲ 2.05% BRKM5 6.25 ▼ 8.36% RANI3 7.80 ▲ 0.39% CSNA3 4.73 ▼ 1.87% CMIN3 4.25 ▲ 0.24% USIM5 8.27 ▼ 2.71% GGBR4 21.42 ▼ 0.09% ENEV3 26.81 ▲ 2.64% NEOE3 33.80 — 0.00% CPFE3 45.50 ▲ 0.84% CMIG4 10.96 ▲ 1.58% EQTL3 39.75 ▲ 1.79% LREN3 14.97 ▲ 3.10% VIVT3 34.79 ▲ 0.64% RAIL3 13.69 ▲ 1.78% KLABIN 16.96 ▼ 0.53% RAIA DROGASIL 17.35 ▲ 0.87% RDOR3 34.71 ▲ 1.00% HAPV3 10.24 ▲ 1.19% FLRY3 15.61 ▲ 1.04% SMTO3 15.04 ▲ 2.24% UGPA3 25.60 ▲ 1.39% VBBR3 29.69 ▲ 1.78% BBSE3 39.17 ▲ 0.77% BPAC11 54.66 ▲ 0.66% CURY3 35.11 ▲ 1.15% AERI3 2.08 ▲ 0.48% VIVARA 23.54 ▲ 1.99% COMPASS 24.94 ▼ 2.35% VAMOS 2.88 ▲ 2.13% SANB11 26.35 ▲ 0.57% ASAI3 8.83 ▲ 2.56% SBSP3 29.60 ▲ 2.42% WALMEX 50.86 ▼ 0.51% GMEXICO 200.00 ▼ 1.48% FEMSA 225.20 ▲ 2.85% CEMEX 21.51 ▼ 0.97% GFNORTE 182.90 ▼ 1.59% BIMBO 57.09 ▲ 1.66% TELEVISA 9.48 ▼ 1.46% AMX 23.20 ▲ 0.74% GAP 441.57 ▼ 0.06% ASUR 308.43 ▼ 0.38% OMA 245.60 ▲ 0.65% KOF 186.96 ▲ 1.29% GRUMA 283.22 ▲ 0.17% KIMBER 38.85 ▲ 1.68% SQM-B 65,950 ▼ 1.64% COPEC 5,765 ▼ 0.64% BSANTANDER 75.00 ▲ 2.04% FALABELLA 5,911 ▲ 0.36% ENELAM 82.00 ▲ 0.60% CENCOSUD 2,127 ▲ 0.19% CMPC 1,040 — 0.00% BANCO CHILE 177.80 ▲ 0.11% LATAM AIR 26.97 ▲ 3.25% YPF 70,050 ▼ 0.99% GGAL 7,715 ▲ 1.45% PAMPA 4,973 ▲ 0.25% TXAR 682.50 ▲ 1.49% ALUAR 991.00 ▲ 0.10% TGS 9,225 ▲ 1.15% CEPU 2,274 ▲ 2.29% MIRGOR 16,075 ▲ 0.16% COME 41.38 ▲ 0.88% LOMA NEGRA 3,555 ▲ 0.21% BYMA 307.75 ▲ 2.16% TELECOM ARG 3,958 ▲ 0.19% ECOPETROL 14.72 ▲ 1.87% BANCOLOMBIA 79.27 ▲ 0.48% GRUPO AVAL 5.08 ▼ 0.39% CREDICORP 384.10 ▲ 0.97% SOUTHERN COPPER 171.26 ▼ 1.99% BUENAVENTURA 30.42 ▼ 0.85% MERCADOLIBRE 1,675 ▲ 3.45% NUBANK 13.17 ▲ 5.70% XP 16.13 ▲ 2.22% PAGSEGURO 9.07 ▲ 3.78% STONE 10.99 ▲ 1.85% GLOBANT 30.03 ▲ 8.29% TECNOGLASS 44.75 ▲ 1.54% GAP AIRPORT 252.48 ▲ 0.11% ASUR 308.43 ▼ 0.38% OMA AIRPORT 111.99 ▼ 0.02% AMX ADR 26.41 ▲ 0.42% FEMSA ADR 128.87 ▲ 2.79% CEMEX ADR 12.28 ▼ 0.81% PETROBRAS ADR 16.29 ▼ 1.39% VALE ADR 15.07 ▼ 0.33% ITAU ADR 8.23 ▲ 2.49% SANTANDER BR 5.20 ▲ 0.78% AMBEV ADR 3.23 ▲ 2.87% CSN 0.94 ▼ 1.91% GERDAU 4.15 ▲ 0.24% LATAM ADR 58.63 ▲ 3.03% BTC 59,444 ▼ 0.83% ETH 1,567 ▼ 0.27% SOL 71.30 ▲ 1.26% XRP 1.04 ▼ 0.24% BNB 550.63 ▼ 1.04% ADA 0.14 ▼ 1.45% DOGE 0.07 ▼ 2.02% AVAX 6.31 ▼ 1.79% LINK 7.23 ▼ 0.78% DOT 0.80 ▼ 1.34% LTC 42.74 ▲ 1.44% BCH 190.11 ▼ 2.69% TRX 0.32 ▲ 0.65% XLM 0.17 ▼ 2.15% HBAR 0.07 ▼ 1.76% NEAR 1.82 ▼ 2.77% ATOM 1.57 ▼ 0.12% AAVE 89.40 ▼ 4.80% SELIC 14.25% EMBRAER 81.90 ▲ 0.99% EMBRAER ADR 63.75 ▲ 1.51% JBS 12.22 ▲ 1.58% JBS BDR 62.67 ▲ 0.87% MBRF3 17.10 ▲ 2.70% MBRFY 3.25 — 0.00% INTER 5.44 ▲ 3.82% IBOV 173,295 ▲ 0.76% IPSA 10,762 ▲ 0.52% IPC MEX 67,226 ▼ 0.28% MERVAL 3,123,411 ▲ 0.88% COLCAP 2,286.19 ▲ 1.09% BVL PERÚ 55,499.07 ▲ 1.21% USD/BRL 5.17 ▼ 0.03% USD/MXN 17.50 ▼ 0.08% USD/CLP 921.85 ▼ 0.11% USD/COP 3,437 ▼ 0.00% USD/PEN 3.41 ▼ 0.46% USD/ARS 1,477 ▼ 0.03% USD/UYU 40.22 ▲ 1.83% USD/PYG 6,084 ▲ 1.72% USD/BOB 6.85 ▲ 1.98% USD/DOP 59.28 ▲ 2.07% USD/CRC 450.59 ▲ 2.01% USD/GTQ 7.62 ▲ 2.54% USD/HNL 26.70 ▲ 0.40% USD/NIO 36.62 — 0.00% USD/VES 620.66 ▲ 5.79% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 156.65 ▲ 0.65% USD/TTD 6.74 ▲ 1.49% EUR/BRL 5.88 ▼ 0.38% BRENT 72.60 ▼ 3.53% WTI 69.23 ▼ 3.74% IRON ORE 161.91 — — COPPER 6.21 ▲ 2.25% GOLD 4,096 ▲ 1.63% SILVER 59.67 ▲ 2.27% SOY 1,156 ▲ 2.55% CORN 421.75 ▲ 1.69% WHEAT 589.75 ▼ 0.21% COFFEE 261.25 ▼ 9.54% SUGAR 14.55 ▲ 7.38% ORANGE JUICE 148.60 ▲ 11.44% COTTON 76.78 ▲ 4.60% COCOA 5,217 ▲ 1.12% BEEF 245.83 ▼ 4.50% CATTLE 369.85 ▼ 0.92% LITHIUM 75.93 ▼ 3.21% PETR4 38.06 ▼ 1.01% VALE3 78.15 ▼ 0.65% ITUB4 42.24 ▲ 1.30% BBDC4 17.92 ▲ 1.70% ABEV3 16.73 ▲ 2.07% BBAS3 20.34 ▲ 1.45% B3SA3 14.92 ▲ 2.12% WEGE3 46.90 ▲ 0.86% PRIO3 53.29 ▼ 1.21% SUZB3 40.11 ▼ 4.50% RENT3 43.10 ▲ 1.77% AZZA3 18.99 ▼ 4.09% CSAN3 3.76 ▲ 1.35% RAIZ4 0.41 ▼ 2.38% PCAR3 2.28 ▲ 0.89% GMAT3 3.87 ▲ 1.04% PSSA3 53.26 ▲ 1.25% CVCB3 1.41 ▼ 0.70% POSI3 3.99 ▲ 1.53% SLCE3 13.17 ▼ 0.98% NATU3 7.98 ▲ 2.05% BRKM5 6.25 ▼ 8.36% RANI3 7.80 ▲ 0.39% CSNA3 4.73 ▼ 1.87% CMIN3 4.25 ▲ 0.24% USIM5 8.27 ▼ 2.71% GGBR4 21.42 ▼ 0.09% ENEV3 26.81 ▲ 2.64% NEOE3 33.80 — 0.00% CPFE3 45.50 ▲ 0.84% CMIG4 10.96 ▲ 1.58% EQTL3 39.75 ▲ 1.79% LREN3 14.97 ▲ 3.10% VIVT3 34.79 ▲ 0.64% RAIL3 13.69 ▲ 1.78% KLABIN 16.96 ▼ 0.53% RAIA DROGASIL 17.35 ▲ 0.87% RDOR3 34.71 ▲ 1.00% HAPV3 10.24 ▲ 1.19% FLRY3 15.61 ▲ 1.04% SMTO3 15.04 ▲ 2.24% UGPA3 25.60 ▲ 1.39% VBBR3 29.69 ▲ 1.78% BBSE3 39.17 ▲ 0.77% BPAC11 54.66 ▲ 0.66% CURY3 35.11 ▲ 1.15% AERI3 2.08 ▲ 0.48% VIVARA 23.54 ▲ 1.99% COMPASS 24.94 ▼ 2.35% VAMOS 2.88 ▲ 2.13% SANB11 26.35 ▲ 0.57% ASAI3 8.83 ▲ 2.56% SBSP3 29.60 ▲ 2.42% WALMEX 50.86 ▼ 0.51% GMEXICO 200.00 ▼ 1.48% FEMSA 225.20 ▲ 2.85% CEMEX 21.51 ▼ 0.97% GFNORTE 182.90 ▼ 1.59% BIMBO 57.09 ▲ 1.66% TELEVISA 9.48 ▼ 1.46% AMX 23.20 ▲ 0.74% GAP 441.57 ▼ 0.06% ASUR 308.43 ▼ 0.38% OMA 245.60 ▲ 0.65% KOF 186.96 ▲ 1.29% GRUMA 283.22 ▲ 0.17% KIMBER 38.85 ▲ 1.68% SQM-B 65,950 ▼ 1.64% COPEC 5,765 ▼ 0.64% BSANTANDER 75.00 ▲ 2.04% FALABELLA 5,911 ▲ 0.36% ENELAM 82.00 ▲ 0.60% CENCOSUD 2,127 ▲ 0.19% CMPC 1,040 — 0.00% BANCO CHILE 177.80 ▲ 0.11% LATAM AIR 26.97 ▲ 3.25% YPF 70,050 ▼ 0.99% GGAL 7,715 ▲ 1.45% PAMPA 4,973 ▲ 0.25% TXAR 682.50 ▲ 1.49% ALUAR 991.00 ▲ 0.10% TGS 9,225 ▲ 1.15% CEPU 2,274 ▲ 2.29% MIRGOR 16,075 ▲ 0.16% COME 41.38 ▲ 0.88% LOMA NEGRA 3,555 ▲ 0.21% BYMA 307.75 ▲ 2.16% TELECOM ARG 3,958 ▲ 0.19% ECOPETROL 14.72 ▲ 1.87% BANCOLOMBIA 79.27 ▲ 0.48% GRUPO AVAL 5.08 ▼ 0.39% CREDICORP 384.10 ▲ 0.97% SOUTHERN COPPER 171.26 ▼ 1.99% BUENAVENTURA 30.42 ▼ 0.85% MERCADOLIBRE 1,675 ▲ 3.45% NUBANK 13.17 ▲ 5.70% XP 16.13 ▲ 2.22% PAGSEGURO 9.07 ▲ 3.78% STONE 10.99 ▲ 1.85% GLOBANT 30.03 ▲ 8.29% TECNOGLASS 44.75 ▲ 1.54% GAP AIRPORT 252.48 ▲ 0.11% ASUR 308.43 ▼ 0.38% OMA AIRPORT 111.99 ▼ 0.02% AMX ADR 26.41 ▲ 0.42% FEMSA ADR 128.87 ▲ 2.79% CEMEX ADR 12.28 ▼ 0.81% PETROBRAS ADR 16.29 ▼ 1.39% VALE ADR 15.07 ▼ 0.33% ITAU ADR 8.23 ▲ 2.49% SANTANDER BR 5.20 ▲ 0.78% AMBEV ADR 3.23 ▲ 2.87% CSN 0.94 ▼ 1.91% GERDAU 4.15 ▲ 0.24% LATAM ADR 58.63 ▲ 3.03% BTC 59,444 ▼ 0.83% ETH 1,567 ▼ 0.27% SOL 71.30 ▲ 1.26% XRP 1.04 ▼ 0.24% BNB 550.63 ▼ 1.04% ADA 0.14 ▼ 1.45% DOGE 0.07 ▼ 2.02% AVAX 6.31 ▼ 1.79% LINK 7.23 ▼ 0.78% DOT 0.80 ▼ 1.34% LTC 42.74 ▲ 1.44% BCH 190.11 ▼ 2.69% TRX 0.32 ▲ 0.65% XLM 0.17 ▼ 2.15% HBAR 0.07 ▼ 1.76% NEAR 1.82 ▼ 2.77% ATOM 1.57 ▼ 0.12% AAVE 89.40 ▼ 4.80% SELIC 14.25% EMBRAER 81.90 ▲ 0.99% EMBRAER ADR 63.75 ▲ 1.51% JBS 12.22 ▲ 1.58% JBS BDR 62.67 ▲ 0.87% MBRF3 17.10 ▲ 2.70% MBRFY 3.25 — 0.00% INTER 5.44 ▲ 3.82%
since 2009
Sunday, June 28, 2026

Defense Monitor

Latin America Defense Monitor — June 23–28, 2026

· Sunday, June 28, 2026 · 15 min read

Weekly Edition · Sunday, June 28, 2026 · Issue #16

Military operations, defense procurement, security policy, and force-posture developments across Latin America and the Caribbean

Bottom Line Up Front

The week’s verdict: This was a week of firsts and big metal. Six air forces opened South America’s largest aerial war game in the Chilean desert, Brazil floated its newest warship with the president watching, and a US carrier-era armada swung from pressure to rescue off the Venezuelan coast.

01

Six nations open Salitre 2026, and Brazil’s new fighter flies abroad for the first time. The multinational air exercise opened June 27 at Cerro Moreno air base in Antofagasta, northern Chile, gathering the air forces of Chile, Argentina, Brazil, Colombia, the United States and Paraguay. The headline: Brazil sent five of its new Saab F-39E Gripen fighters on their first-ever deployment outside Brazilian soil, flying alongside US F-16s and MQ-9 Reaper drones.
02

Brazil launches its third new-generation frigate. On June 26, with President Lula and Defense Minister José Múcio in attendance, Brazil’s navy floated the Cunha Moreira, the third of four Tamandaré-class frigates being built at the TKMS shipyard in Itajaí. The roughly $2.5 billion program — built in Brazil under German technology transfer — is now 76 percent complete, and the navy is already planning a second batch of four more ships.
03

A US military armada surges to Venezuela — this time to help, not pressure. The same Southern Command that has spent months squeezing the region pivoted hard, ordering the warships USS Fort Lauderdale and USS Billings, C-17 and C-130 transports, Marine Ospreys and Chinook helicopters from Honduras to Venezuela’s coast. President Trump suspended some sanctions and pledged $150 million, putting US forces and a US general on the ground in a country it captured 18 months ago.

What changed since Issue #15: Salitre, which sat on our watch list for weeks, is now live — and it became the showcase for Brazil’s Gripen going international. The US–Venezuela relationship took its strangest turn yet: the force that removed Maduro is now leading the rescue effort and easing the very sanctions it imposed. And Chile, fresh off the F-35 rumor, spent the week courting a very different supplier — Brazil.


Force Posture — This Week’s Snapshot
Country This Week’s Move Direction Counterpart Status Watch
Chile Hosts Salitre 2026; six air forces deploy → Interop AR/BR/CO/US/PY air forces Opened Jun 27 Runs to Jul 12
Brazil Sends 5 Gripen jets abroad for the first time ↑ Capability Salitre coalition Deployed BVR / coalition role
Brazil Launches 3rd Tamandaré frigate (Cunha Moreira) ↑ Capability TKMS / Águas Azuis Launched Jun 26 2nd batch of 4
Venezuela / US SOUTHCOM surges ships, aircraft to the coast → Posture US SOUTHCOM / Rodríguez govt Deploying Jun 26 Sanctions relief
Chile / Brazil Defense ministers meet; Chile eyes Brazil’s industry → Policy Barros / Múcio Met Jun 25 Next round in Brazil
United States 24th MEU deploys to Caribbean as Littoral Combat Force → Posture USMC / region 1,300+ Marines Tasking

Sources: Infodefense, Zona Militar, Defense.com, Zona Defense, Naval.com.br, Pucará, Agência Brazilian Navy de Notícias, FACh, Cooperativa, AFP. Direction key: ↑ Capability/Procurement · → Status change/Interoperability/Posture/Policy · ⚠ Risk event.

Tamandaré-class frigate of the Brazilian Navy, the program behind the newly launched Cunha Moreira.
A Tamandaré-class frigate for the Brazilian Navy; the third ship, the Cunha Moreira, was launched on June 26 in Itajaí. (Photo Internet reproduction)
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Status Changes Since Issue #15
Item Issue #15 Status Current Status Source
Salitre 2026 On the watch list, due Jun 28 Opened Jun 27; Brazil’s Gripen deploys abroad FACh / Infodefense
Brazil Tamandaré frigates Not tracked this cycle 3rd ship launched; 2nd batch of 4 planned Agência Brazilian Navy
US–Venezuela posture Transition talks via shuttle diplomacy Military surge to coast; sanctions eased SOUTHCOM / AFP
Chile F-35 interest Unconfirmed buyer of 11 jets No update; Chile courts Brazil’s industry instead Infodefense
Pacific Dagger 2026 Commandos gathering at Peldehue Expected to run late June Infodefense

01
Procurement & Industrial

Brazil owned the procurement week, and on two fronts at once: a new warship slid into the water in Santa Catarina, and the country’s flagship fighter program proved itself abroad in the Chilean desert. Around that, Argentina kept feeding its slow rebuild — new trucks for its radars, a fresh missile contract — and Chile went shopping with an old neighbour.

High
June 26 · Brazil

Brazil launches the Cunha Moreira, its third home-built frigate

With President Luiz Inácio Lula da Silva and Defense Minister José Múcio Monteiro looking on, Brazil’s navy launched the frigate Cunha Moreira on June 26 at the TKMS shipyard in Itajaí, in the southern state of Santa Catarina. A frigate is a mid-sized warship built to do a bit of everything — hunt submarines, fend off aircraft and missiles, and patrol vast stretches of ocean — and the Cunha Moreira is the third of four in the Tamandaré class, the centerpiece of Brazil’s plan to replace its aging fleet.

Each ship runs about 107 meters long, displaces 3,500 tonnes, and carries the British Sea Ceptor air-defense missile, Brazil’s own MANSUP anti-ship missile, and an Italian Leonardo 76mm gun.

What makes the program matter beyond the hardware is where it is built. The whole class is assembled in Brazil under a technology-transfer deal with Germany, through a consortium called Águas Azuis that pairs Germany’s TKMS with Brazil’s Embraer and Atech.

The roughly 13.9-billion-real program — close to $2.5 billion — is now 76 percent complete and supports some 23,000 jobs. The first ship, the Tamandaré, entered service in April; the second begins sea trials before delivery in January 2027; the fourth is still on the slipway.

The navy and the government are already lining up a second batch of four more, which would double the class to eight and is widely expected to be signed after this year’s election. The fleet’s job is to guard the “Blue Amazon,” the 5.7 million square kilometers of ocean where most of Brazil’s oil and trade flow.

Med
June 25 · Chile / Brazil

Chile goes shopping in Brazil’s defense aisle

Chilean Defense Minister Fernando Barros met his Brazilian counterpart José Múcio in Santiago on June 25, and came away openly interested in buying from Brazil’s defense industry. The two agreed to work together on defense manufacturing, cybersecurity, and border control, with a follow-up meeting planned in Brazil.

Barros framed it as a long game above politics — “defense is a matter of state that goes beyond ideologies and governments” — while Múcio was blunter about the appeal: “Brazil needs Chile. We were once great partners and we need to be even more so.” It is the same pitch Brazil made to Argentina weeks earlier, and plans to make to Peru in July: a regional supplier selling to neighbours who are all trying to rearm at once.

Whether the warm words turn into contracts will depend, as ever, on whether Chile can find the money.

Med
Mid-June · Argentina

Argentina buys trucks for its radars and joins a US missile contract

Argentina’s slow military rebuild added a few more pieces this week. The Army opened a tender for heavy six-by-six trucks — the workhorses that haul and power its new RMF-200V radars around the country — and Argentina turned up on a fresh US contract for the AIM-120 AMRAAM, the radar-guided air-to-air missile that will arm the F-16 fighters Argentina bought from Denmark.

The government also pushed through a roughly 27 percent pay raise for the armed forces, a quieter but important move: in a region where militaries struggle to keep skilled people, pay is its own kind of capability. None of these is a blockbuster on its own, but together they show a force methodically restocking after years of lean budgets.

02
Operations & Incidents

The skies over northern Chile filled with foreign fighters this week as Salitre 2026 opened — the headline operation of the period, and the stage for Brazil’s new Gripen to step onto the international scene. Out at sea and across the region, the calendar filled with multinational exercises and the quiet humanitarian work that fills the gaps between them.

High
June 27 · Chile

Salitre 2026 opens — and Brazil’s Gripen leaves home for the first time

Salitre 2026, South America’s biggest aerial war game, opened on June 27 at Cerro Moreno air base in Antofagasta and runs through July 12. Held every few years and hosted by Chile, it brings together the air forces of six nations — Chile, Argentina, Brazil, Colombia, the United States and Paraguay — to fly together under shared NATO-style procedures, with Canada, Ecuador and Uruguay sending observers.

This fifth edition is the most ambitious yet, billed as “multi-domain”: the scripted scenario folds in not just air combat but space sensors and cyberattacks the crews have to fend off, mirroring how modern wars are actually fought.

The standout is Brazil. Its air force sent five Saab F-39E Gripen fighters to Salitre — the first time the new jet has ever deployed outside Brazil.

The Gripen had flown in an exercise before, but only at home, where Brazil was the host; flying them into Chile and slotting them into a foreign-led coalition is a different and harder test, and a milestone for a program Brazil has spent more than a decade building. They share the flight line with a serious American contingent: F-16 fighters from the 54th Fighter Group, MQ-9 Reaper drones, and U-28A Draco surveillance planes, with a giant C-5 Super Galaxy transport flying in the support gear.

Argentina sent its IA-63 Pampa III jets and a C-130 Hercules after President Milei signed a decree clearing up to 72 personnel to take part, and Paraguay’s A-29 Super Tucano made its own international debut. For the smaller air forces, exercises like this are where crews learn to operate alongside bigger partners; for Brazil, it is a showroom.

Med
June 22 onward · Panama / Peru

The region’s navies gather to plan and to talk

It was a busy week for naval diplomacy. The 32nd Inter-American Naval Conference opened June 22 in Panama, where Peru’s navy chief, Admiral Javier Bravo de Rueda, floated a new regional initiative to deepen cooperation.

In parallel, Peru wrapped up the final planning for UNITAS 2026 — the longest-running naval exercise in the Americas, due to run in September across the Peruvian coast and Amazon with delegations from 24 countries. These planning conferences are the unglamorous scaffolding behind the big exercises: the meetings where navies agree who brings what and who is in charge, months before any ship sails.

Low
Mid-June · Chile / Bolivia

Chilean Hercules closes out its Bolivia food airlift

A Chilean Air Force C-130 Hercules transport wrapped up an 11-day humanitarian airlift to Bolivia, hauling more than 70 tonnes of food across multiple flights to a neighbour still recovering from the weeks of road blockades that paralyzed the country in May and June (covered in Issues #12 through #14). It is a small mission with an outsized message: in a region where militaries are most visible when they reach places no one else can, a cargo plane full of food does quiet diplomatic work that no statement can match.

03
Policy & Posture

The week’s biggest posture story was a sharp and surprising turn in the US–Venezuela relationship: the same military that has spent months pressuring Caracas swung into a large-scale support role on the Venezuelan coast, and Washington eased sanctions to let it happen. Alongside it, the US Marine Corps formally re-flagged a major unit for Caribbean duty.

High
June 26 · Venezuela / United States

US Southern Command surges to Venezuela’s coast — and eases its own sanctions

In one of the more startling reversals of the year, US Southern Command — the same body that captured Nicolas Maduro 18 months ago and has spent recent months tightening the screws on the region — ordered a large military deployment to support Venezuela, at the interim government’s formal request. General Francis Donovan sent the amphibious transport USS Fort Lauderdale and the combat ship USS Billings toward the coast, backed by C-17 and C-130 transport aircraft, Marine MV-22 Osprey tilt-rotors to survey damaged airfields, and CH-47 Chinook heavy helicopters flying in from the US base in Honduras. The Space Force is providing satellite imagery, and a US two-star general, Major General Kevin Jarrard, is on the ground in Caracas coordinating the effort.

The defense angle here is not the relief work itself but what it does to the posture map. Eighteen months after a US operation removed Venezuela’s president, American warships, transport aircraft and a US general are now operating openly inside the country with the host government’s blessing — and President Trump has temporarily suspended some sanctions and pledged $150 million to enable it.

It is the deepest, most visible US military footprint in Venezuela since the capture of Maduro, and it sits awkwardly alongside the pressure campaign of recent months. Analysts quoted in the regional press were blunt about the risk: the relationship since January has rested on oil and security, and Washington has a documented habit of intense but short engagements in Latin America — the open question is what remains once the emergency, and the cameras, move on.

The deployment also unfolded alongside a parallel multinational effort, with Spain’s military emergency unit, Mexico, Colombia and Chile all sending rescue teaMs

Med
Late June · United States / Caribbean

The 24th Marine unit takes up Caribbean duty

The US Marine Corps confirmed that its 24th Marine Expeditionary Unit — a self-contained force of more than 1,300 Marines that can operate from ships — has deployed to the Caribbean under a new operational name, Littoral Combat Force 24. “Littoral” simply means the coastal zone where sea meets land, and the rebranding signals a force tailored for operating along contested coastlines rather than far out at sea.

The move adds another standing piece to the steadily thickening US military presence in the basin, a build-up the monitor has tracked through the Venezuela and Cuba campaigns of recent months, and gives Southern Command a ready force already in the area as the Venezuela relief mission unfolds.

04
Extra-Regional Activity

The United States was everywhere this week — flying in Salitre, surging to Venezuela, re-flagging Marines for the Caribbean. Germany made a quiet but real appearance as the technology partner behind Brazil’s new frigate.

China and Russia stayed silent again. Here is the breakdown.

United States

Flying, sailing, surging

Sent F-16s, MQ-9 Reaper drones, U-28A Draco surveillance planes and a C-5 Super Galaxy to Salitre 2026. Surged warships, transports, Ospreys and Chinooks to Venezuela’s coast and eased sanctions.

Re-flagged the 24th Marine unit as Littoral Combat Force 24 for the Caribbean. A general is coordinating on the ground in Caracas.

China

Nothing to report

No naval visits, arms deals, or defense diplomacy in the region this week. The silence stretches on as the US fills the Caribbean with ships and aircraft and showcases its airpower in the Chilean desert — leaving little room for Beijing’s usual tools of regional influence to operate.

Russia

Nothing to report

No new arms sales, training, or shipments to Venezuela, Cuba, or Nicaragua. As Washington operates openly on the Venezuelan coast — a country Moscow long counted as a client — Russia’s absence from its old partner’s moment of crisis is its own quiet verdict on how far its regional reach has shrunk.

Germany & Others

The shipbuilder in the background

Germany’s TKMS took a bow as the technology partner behind Brazil’s newly launched frigate, alongside Sweden’s Saab — whose Gripen flew abroad for the first time at Salitre. South Korea stayed quiet this week after last week’s Haiti donation, but its FA-50 and tank campaigns continue in the background.


What to Watch — June 29 – July 5, 2026
Through Jul 12
Chile — Salitre 2026 in full swing. Watch how Brazil’s Gripen performs in its first foreign coalition, whether US fifth-generation jets join the mix, and how the space and cyber elements play out.
Throughout
Venezuela — how long the US military stays, and what happens to sanctions. Whether the deployment winds down quickly or settles in, and whether the eased sanctions are extended, will reveal how much of this is relief and how much is a longer-term posture shift.
July
Peru — Brazil’s defense-industry pitch heads to Lima. After Chile and Argentina, Brazil plans a similar sales visit to Peru in July; watch whether any of the three turns warm words into a contract.
Ongoing
Brazil — signs of the Tamandaré second batch and the extra Gripen order. Both deals are reportedly ready and waiting for the post-election window; any movement would lock in years of naval and air investment.

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Frequently Asked Questions

What is the Salitre 2026 exercise and who is taking part?

Salitre 2026 is a multinational air exercise hosted by Chile, opened June 27, 2026 at Cerro Moreno air base in Antofagasta and running through July 12. Its fifth edition gathers the air forces of Chile, Argentina, Brazil, Colombia, the United States and Paraguay, with Canada, Ecuador and Uruguay as observers.

It is “multi-domain,” combining air combat with space and cyber elements. The standout participant is Brazil, which deployed five Saab F-39E Gripen fighters on their first-ever deployment outside Brazil, alongside US F-16s, MQ-9 Reaper drones and U-28A Draco surveillance aircraft.

What is the Tamandaré-class frigate Cunha Moreira?

The Cunha Moreira (F202) is the third of four Tamandaré-class frigates being built for Brazil’s navy, launched June 26, 2026 at the TKMS shipyard in Itajaí with President Lula present. Each ship is about 107 meters long, displaces 3,500 tonnes, and carries the Sea Ceptor air-defense missile, Brazil’s MANSUP anti-ship missile and a 76mm gun.

The roughly 13.9-billion-real (about $2.5 billion) program is built in Brazil under German technology transfer and is now 76 percent complete. The first ship entered service in April 2026; a second batch of four more is planned.

Why did US forces deploy to Venezuela in June 2026?

US Southern Command surged forces to Venezuela on June 26, 2026 at the interim government’s formal request, led by the Department of State. The deployment included the warships USS Fort Lauderdale and USS Billings, C-17 and C-130 transports, MV-22 Osprey tilt-rotors, CH-47 Chinook helicopters from Honduras, and Space Force satellite imagery, with Major General Kevin Jarrard coordinating in Caracas.

President Trump suspended some sanctions and pledged $150 million. It is the deepest visible US military presence in Venezuela since the January 2026 capture of Nicolas Maduro.

What did Chile and Brazil agree on in June 2026?

Chilean Defense Minister Fernando Barros and Brazilian Defense Minister José Múcio met in Santiago on June 25, 2026. Chile expressed interest in equipping its armed forces with Brazilian defense-industry products, and the two agreed to cooperate on defense manufacturing, cybersecurity and border control, with a follow-up meeting planned in Brazil.

The meeting is part of a broader Brazilian push to sell to neighbours, including a similar approach to Argentina earlier in June and a planned visit to Peru in July.

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Sources & Methodology

This issue draws on a sweep of Spanish- and Portuguese-language defense outlets including Infodefense, Zona Militar, Defense.com, Zona Defense, Naval.com.br, Pucará, and the Agência Brazilian Navy de Notícias, alongside primary-source institutional releases (US Southern Command, the Chilean Air Force, the Brazilian Navy and its Águas Azuis consortium, and the Argentine Ministry of Defense), plus regional and international press (Cooperativa, BioBioChile, AFP, EFE). The significance markers — High, Med, and Low — reflect our editorial judgment of each story’s operational and strategic weight, not a measure of how widely it was reported.

Where a major regional event had a humanitarian trigger, we have focused on its military and force-posture dimensions rather than the disaster itself. We use a standard set of procurement stages (request for information, request for proposals, shortlist, best and final offer, contract signed, in production, delivered, operational) so readers can track where each program stands week to week.

Latin America Defense Monitor
Weekly Edition · Sunday, June 28, 2026 · By The Rio Times Defense Desk
Published by The Rio Times · riotimesonline.com

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