Avibras builds the MTC 300 tactical cruise missile. The Brazilian Army has conducted live-firing trials of the MTC 300 from the Avibras Universal Multiple Rocket Launcher (AV-LMU) 6×6 platform. (Brazilian Army)
A group comprising several companies is looking to buy troubled Brazilian missiles and rockets specialist Avibras Indústria Aeroespacial, a Brazilian defence industry source confirmed to Janes .
Talks between the Brazilian defence and aerospace conglomerate Grupo Akaer, the Abu Dhabi Investment Group (ADIG) of the United Arab Emirates (UAE), the Brazilian private investment bank Brasilinvest Banco de Negócios, and the US private capital investment firm GF Capital are currently taking place for the potential acquisition of 100% of Avibras, the source told Janes .
The source said the possibility of acquiring Avibras through the creation of a special-purpose company was presented to the Brazilian Ministry of Defence and the Brazilian National Development Bank (BNDES).
Avibras announced on 31 January that it was engaged in advanced discussions with Black Storm Military Industries of the Kingdom of Saudi Arabia (KSA) for a potential investment aimed at the company's financial recovery. No further developments have been announced to date.
Akaer specialises in a range of defence activities, including aerostructures development and production, unmanned aircraft systems development, aircraft modernisation, sighting equipment development, and armoured vehicles modernisation. The company is involved with numerous defence projects in Brazil and Türkiye.
For more information, please seeAvibras in talks with Saudi firm as it seeks financial recovery .
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